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Red Rock Bakery purchases land, building, and equipment for a single purchase price of $500.000. However, the estimated fair values of the land, buiding, and

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Red Rock Bakery purchases land, building, and equipment for a single purchase price of $500.000. However, the estimated fair values of the land, buiding, and equipment are $210,000, $330.000, and S60,000, respectively for a total estimated fair value of 5600,000 Required: Determine the amounts Red Rock should record in the separate accounts for the land, the building, and the equipment. Estimated FairAllocation Basket Value Per Amount Land Building Total

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