Samtech Manutactuing purchased tand and a buiding for $4 million in addition to the purchase price, Samtech made the foliowing expenditures in connection with the parchase of the land and buliding An independent apprakal estimited the fair values of the land and bulding. if purchased separately. at $3.3 and $1.1million. respectively Shortly after acguisition Somtechspent $82000 to construct a parking lot and $40.000 for landscaping. Required: 1. Detemine the initial valuation at each asset Samtech ocquired in these transactions 2. Defermine the initial valuation of each asset, assuming that iminediately after acquisition, Samtech dermolished the buiding Demolalon costs were $250,000 and the salvaged mateihis were sold for $6,000. In addivion, Samtech spent $86.000 dearing and erading the und in preparation for the construction of a new buhting