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Primadonna Company paid $766,000 plus $20,000 in legal costs for a parcel of real estate. This included land appraised at $400,000; land improvements appraised at

Primadonna Company paid $766,000 plus $20,000 in legal costs for a parcel of real estate. This included land appraised at $400,000; land improvements appraised at $85,000; and a building appraised at $550,000. The plan is to use the building as a manufacturing plant. Determine the amounts that should be debited to: (6 marks) (SHOW YOUR CALCULATION) (a) Land $ (b) Land Improvements $ (c) Building $image text in transcribed

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