QS 24-190 Joint cost allocation LO C3 A company purchases a 8,280-square-foot commercial building for $370,000 and spends an additional $98,000 to divide the space into two separate rental units and prepare it for rent Unit A, which has the desirable location on the corner and contains 1,080 square feet will be rented for $2.00 per square foot. Unit contains 7,200 square feet and will be rented for $1.20 per square foot How much of the joint cost should be assigned to Unit B using the value basis of allocation? Joint Cost Apportioned Cost Market Value Percent of Market Value Numerator Denominator % of Mkt Value Unit A Unit B Totals