Alpha Company made a lump sum purchase of land, building
Alpha Company made a lump sum purchase of land, building, and equipment.
The following were the appraised values of each element:
PP&E Element
Amount
Land
$10,000
Building
20,000
Equipment
30,000
Alpha paid $45,000 cash for the lump sum purchase. What value should be allocated to the following? (Enter only whole dollar values.)
1. Land
2. Building
3. Equipment
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