Please answer all questions

QUESTION 3 The Jacob Corporation acquired land, buildings, and equipment from a bankrupt company at a lump-sum pprice of S500,000, At the time of acquisition, Jacob paid S20,000 to have the assets appraised. The appraisal disclosed the following values: $100,000 Buildings What costs should be assigned to the buildings? $166,667 $173,333 $200,000 $260,000 QUESTION 4 Richards, Inc. exchanged a piece of equipment with an original cost of $82,000, accumulated depreciation to datc of $40,000, and a fair valuc of S46,000 for a similar piece of equipment. Cash flows are not expected to change significantly. The newly acquired equipment had a book value of $40,000 and a fair market value of $46,000. Richard should record the cquipment acquired at $40.000 $42,000 $46,000 QUESTION 5 On January 1, 2014, Randolf Company signed a contract to have Rory Associates construct:a manufacturing facility at a cost of S14,000,000. It was estimated that it would take three years to complctc the projcct. Also on January 1, 2014, to finance the construction cost, Randolf borrowed S14,000,000 payable in seven annual installments of S2 ,000,000 plus interest at the rate of 9%. During 2014, Randolf made progress payments totaling S5,000,000 under the contract, and the average amount of accumulated expenditures was S3,000,000 for the year. The excess borrowed funds were invested in short-term sccuritics, from which Randolf realized investment income of $330,00O. What amount should Randolf report as capitalized interest at December 3, 2014? 270,000 $510,000 $1,260,000