Determine the cost of the land, land improvements, and building. Which of these assets will Ayer depreciate? Lump-sum purchase of assets [10-15 min] Maplewood Properties bought three lots in a subdivision for a lump-sum price. An independent appraiser valued the lots as follows: Maplewood paid $240,000 in cash. Record the purchase in the journal, identifying each lot's cost in a separate Land account. Round decimals to three places, and use your computed percentages throughout