Red Rock Bakery purchases land, building, and equipment for a single purchase price of $460,000. However, the estimated fair values of the land, building, and equipment are $168,000, $308,000, and $84,000, respectively, for a total estimated fair value of $560,000.

Required Determine the amounts Red Rock should record in the separate accounts for the land, the building, and the equipment. Amount of Basket Purchase Estimated Fair Allocation Recorded Amount Value Percentage Land Building Equipment Total