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need help Pinefied sound Ceptor pyss $330.000 for a group purchase of land, bulding, and equipment. Ar the time of acquisibin, the land has a
need help Pinefied sound Ceptor pyss $330.000 for a group purchase of land, bulding, and equipment. Ar the time of acquisibin, the land has a current market value of $108, 000 , the building's current markel vilue is $108,000, and the equipments current market value is $144,000. Prepare a schedule allocating the purchase price of $330,000 to each of the individual assets purchased based on their relaive markot values, then jounatze the lume-sum porchase of the three assets. The business signs a nole pryable for the purchase price. Preqare o scheose alocating the purchase price of $330,000 to each of the indwidual assets purchased basid on their relative market values, then journalize the lump-sum purchase of the three assete. The business sigs a nole piyatie for the purchase price
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