Homework Answers
Total appraisal value
= Building 11,000,000 + Land 9,000,000
= 20,000,000
|
12. Purchase price allocated to building = 16,000,000 * (11,000,000/20,000,000) = 8,800,000 |
|
13. Purchase price allocated to land = 16,000,000 * (9,000,000/20,000,000) = 7,200,000 |
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