QS 24-21A (Algo) Joint cost allocation LO C2 A company purchases a 8,190-square-foot building for $425,000. The building has two separate rental units. Unit A, which has the desirable location on the corner and contains 2,340 square feet, will be rented for $2.00 per square foot. Unit B contains 5,850 square feet and will be rented for $1.20 per square foot. How much of the joint cost should be allocated to Unit A and to Unit B using the value basis of allocation? Unit A Unit B Totals Allocated Rental value Percent of rental value Joint Cost cost Numerator Denominator % of Mkt Value