Red Rok Bakry pr i na entimated fair value of $640,000 Mr "d 0aan ente a...

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Red Rok Bakry pr i na entimated fair value of $640,000 Mr d 0aan ente a sgepr ha e p ofS54 0 Ο. Howee, re-edtar values of t eland, biong and equipment are $160 000, $384 0 ard S96.0 O espec velyfor a total Required: Determine te anons Red Rock should record ihe pante accounts tr to land.9obulding, and he equprtert

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Answer 1

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Allocation % purchase amount recording value 135000 324000 81000 540000 2 Assets Fair Value 4 Land 5 Building 6 Equipment 160000 384000 96000 640000 25% 60%, 15% 100% 540000 540000 540000 10 Allocation percentage is being calculated based on the fair value of rhe asset and hence purchase price is bifurcated on same allocation % 12 13 14 15 16 17

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Red Rok Bakry pr i na entimated fair value of $640,000 Mr "d 0aan ente a...

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