Equipment costing $500,000 was bought by a manufacturing company. For a period of ten years, the equipment is estimated to produce an annual revenue of $120,000. The business must additionally pay $10,000 in yearly maintenance costs and $12,000 in yearly salaries. Determine the equipment's payback period. 5.10204 years. 4.16667 years. 4.54545 years. 6.54321 years. The fixed asset purchases cost a total of $100,000. The following are the assets' estimated fair values. $35,000 for plant and equipment, $50,000 for land and buildings, and $40,000 for other fixed assets. Determine the allocation cost of Land and building? $40,000. $50,000. $35,000. $60,000