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Laramie Co. paid $1,400,000 for a purchase that included land, building, and office furniture. An appraiser provided the following estimates of the market values of

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Laramie Co. paid $1,400,000 for a purchase that included land, building, and office furniture. An appraiser provided the following estimates of the market values of the assets if they had been purchased separately: Land, $300,000, Building, $810,000 and Office Furniture, $390,000. Based on this information the cost that would be allocated to the land is: (Do not round Intermediate calculations.) Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $2,090,000. Harding paid $595,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $629,000; Building. $1,870,000 and Equipment, $1,241,000 What value will be recorded for the building

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