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plz i need help as soon as possible An independent appraisal estimated the fair values of the land and bullding, if purchased separately, at $3
plz i need help as soon as possible
An independent appraisal estimated the fair values of the land and bullding, if purchased separately, at $3 and $2 million, respectively. Shortly after acquisition, Samtech spent $95,000 to construct a parking lot and $53,000 for landscaping. Required: 1. Determine the initial valuation of each asset Samtech acquired in these transactions. 2. Determine the initial valuation of each asset, assuming that immediately after acquisition, Samtech demolished the building. Demolition costs were $380,000 and the salvaged materials were sold for $7,500. In addition, Samtech spent $92,000 clearing and grading the land in preparation for the construction of a new building. Complete this question by entering your answers in the tabs below. Determine the initial valuation of each asset Samtech acquired in these transactions. (Enter your answers in whole dollars.) An independent appraisal estimated the fair values of the land and building, If purchased separately, at $3 and $2 million, respectively. Shortly after acquisition, Samtech spent $95,000 to construct a parking lot and $53,000 for landscaping. Required: 1. Determine the initial valuation of each asset Samtech acquired in these transactions. 2. Determine the initial valuation of each asset, assuming that immediately after acquisition, Samtech demolished the building. Demolition costs were $380,000 and the salvaged materials were sold for $7,500, In addition, Samtech spent $92,000 clearing and grading the land in preparation for the construction of a new building. Complete this question by entering your answers in the tabs below. Determine the initial valuation of each asset, assuming that immediately after acquisition, Samtech demolished the building. Demolition costs were $380,000 and the salvaged materials were sold for $7,500. In addition, Samtech spent $92,000 clearing and grading the land in preparation for the construction of a new building. (Enter your answers in whole dollars.) Step by Step Solution
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