yes all the questions are together, under one story

Johnson paid 760,000 for the purchase of machinery, Work shed and engine hoists. The fair values were 300,000, 140,000 and 60,000. How does Johnson determine the cost of each item purchased? Explain the process (3 points) What are the book values assigned to each item that was purchased? (3 points) PROBLEM: (10 points) The company purchased Land with the intent of putting a new hangar on it to house its aircraft. The purchase price was 1.3M the new hangar would include a maintenance facility, which can be used to perform maintenance in house rather than out-sourcing it to a third party vendor. Costs related to the purchase are as follows: Data Amount remarks Property taxes 25600 of which 1200 were for the following year Sale of scrap 2000 Excavation of 32000 building site Signage on the 5200 hangar Cost of 526000 construction Electronic 1500 locking doors on the hangar Fences 5000 Hangar architect 14200 fees Demolishing of 8230 existing hangar Insurance on the 6300 building for the first year Johnson wants to know which category each cost should go in Land Hangar Land Expenses Improvements