Lump-Sum Purchase To add to his growing chain of grocery stores, on January 1, 2017, Danny Marks bought a grocery store of a small competitor for $491,000. An appraiser, hired to assess the acquired assets' values, determined that the land, building, and equipment had market values of $1 respectively. Required: 1. What is the acquisition cost of each asset? Do not round intermediate calculations. If required, round your final an Acquisition Cost Asset Land: Building: Equipment Identify and analyze the effect of the acquisition Activity Accounts Statement(s)