Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2 Required 3 Allocate the lump-sum purchase price to the separate assets purchased. Allocation of total cost Estimated Market Value Percent of Total Total cost of Acquisition Building $ 451,200 48 % x Apportioned Cost $ 830,000 $ 398,400 Land 253,800 27 % x $ 830,000 Land improvements 37,600 % x $ 830,000 Vehicles 197,400 Total $ 940,000 % 75% x $ 830,000 $ 398,400 < Required 1A Required 1B >