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CoursHeroTranscribedText ! Required information [The following information applies to the questions displayed below.] Ming Yue Company pays $380,000 for real estate plus $20,140 in closing


 


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! Required information [The following information applies to the questions displayed below.] Ming Yue Company pays $380,000 for real estate plus $20,140 in closing costs. The real estate consists of land appraised at $176,400; land improvements appraised at $50,400; and a building appraised at $193,200. Allocate the total cost among the three purchased assets. (Round your percentage answers to a whole number and other answers to the nearest dollar amount. Omit the "$" and "%" signs in your response.) Appraised value Percent of Apportioned Land Land improvements Building Totals Total cost $176400 44% $176062 50400 12 44352 193200 44 81144 $420000 100% $301738

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