Red Rock Bakery purchases land, building, and equipment for a single purchase price of $900,000. However, the estimated fair values of the land, buildings, and equipment are $150,000, $600,000, and $250,000, respectively, for a total estimated fair value of $1,000,000.

Required: Determine the amounts Red Rock should record in the separate accounts for the land, the building, and the equipment.( can you please answer my questions as soon as possible )

Required unts Red Rock should record io the separate accounts for the land, the build Amount oRec Basket Purchase Est air Allocation Recorded Amount Value Percentage Building Equipment Total 0 ints References eBook & Resources Hint #1 Check my work Type here tc search