Plant acquisitions for selected companies are presented below and on the next page.

1 Natchez Industires Inc. acquired land buildings, and equipment from a bankrupt company, Vivace Co., for a lump-sum price of $680,000. At the time of purchase, Vivace's assets had the following book and appraisal values.

Land - Book Value=$200,000, Appraisal Value=$150,000

Buildings - BV=$230,000, AV=$350,000

Equipment - BV=$300,000, AV=$300,000

To be conservative, the company decided to take the lower of the two values for each asset acquired. The following entry was made.

Land $150,000

Buildings $230,000

Equipment $300,000

Cash $680,000