Insight Manufacturing Ltd. recently completed a lump sum purchase of several assets from a company that was going out of business. The purchase was completed on March 1, 2024 at a total cash price of $1,570,705 and included a building, land, land improvments and a fleet of vehicles. The estimated market values of the assets were as follows: Building $970,900 Land $420,450 Land Improvements $86,500 Vehicles $194,300