Homework Answers
| WORKING NOTES: | |||
| CALCULATION OF PROPORTIONATE % OF EACH ASSETS | |||
| FAIR VALUE OF THE ASSETS | Fair Value | Proporation of each assets | |
| Land | $6,75,000.00 | 45% | |
| Building A | $3,00,000.00 | 20% | |
| Building B | $5,25,000.00 | 35% | |
| Total | $15,00,000.00 | 100% | |
| SOLUTION: | |||
| CALCULATION OF INITIAL VALUATION OF BUILDING AND LAND | |||
| Lumpsum Price | X by Proportion % | Purchase Value | |
| Land | $14,00,000 | 45% | $6,30,000 |
| Building A | $14,00,000 | 20% | $2,80,000 |
| Building B | $14,00,000 | 35% | $4,90,000 |
| Total | $14,00,000 | ||
| Answer = | |||
| Land | $6,30,000 | ||
| Building A | $2,80,000 | ||
| Building B | $4,90,000 | ||
| Total | $14,00,000 | ||
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