Section v A company rents a small building with 10,000 square feet of space for $100,000 per year The rent is allocated to the company's three departments on the basis of the value of the space occupied by each. Department 1 occupies 1,500 square feet of ground-floor space, Department 2 occupies 3,500 square feet of ground-floor space, and Department 3 occupies 5,000 square feet of se in the neighborhood averages $15.00 per sq. ft. for ground-floor space and $10 per sq. ft for second-floor space, what annual rent expense should be charged to each department? V1 cond-floor space. If rent for comparable floor space Rent Allocated Section VI Townsend Building Company purchased a four-story building and converted it into 24 condominiums of three different categories. The five 3-bedroom units are expected to sell for $150,000 each, the twelve 2-bedroom units are expected to sell for $75,000 each, and the seven 1 bedroom units are expected to sell for $50,000 each. The company spent $500,000 to acquire the building and $900,000 on common construction costs in the conversion process Considering sales value, how much of these two joint costs would be assigned to each condominium in each price category