Business, 19.07.2020 14:01 lflugo6oyn4sp

Pinewood Company purchased two buildings on four acres of land. The lump-sum purchase price was $2,000,000. According to independent appraisals, the fair values were $840,000 (building A) and $525,000 (building B) for the buildings and $735,000 for the land. Required: Determine the initial valuation of the buildings and the land. Asset Initial Valuation

Land

Building A

Building B

Total

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Pinewood Company purchased two buildings on four acres of land. The lump-sum purchase price was $2,0...