I need help with finding apportioned cost. I have the appraised value amount and the % total but I am so confused on how to find out the apportioned cost???

Hey hsassone01 to answer your question, in order to obtain the apportioned cost you must find the percentage of each appraised value, which you did. Now what you would do is find out how much (lump sum) was actually paid for the assets. Example, say you purchased assets for 450,000. The assets were appraised at Land (300,000), Building (150,000) and Misc. Equipment (150,000). So the total worth of assets purchased is 600,000. So we find that Land is 50%, Building is 25% and Misc. Equipment is 25%. So If I follow you correctly you've already reached this point and are looking for the apportioned cost. It's actually not that difficult, you simply find the amount you paid for each asset by multiplying what you paid by the corresponding percentage. So you paid 450,000 for all assets so to find the apportioned cost of the Land you would multiply 450,000 by 50% which would mean there was an apportioned cost of 225,000, Building 450,000(.5)= 112,500 and Misc. Equipment 450,000(.5)= 112,500. I kept the numbers simple but I hope this helps you understand how to obtain the apportioned cost. All you are looking for is how much you actually paid for each asset. Once you know how much each asset cost, as a percentage of total appraised value, you can then use that percentage to find how much each asset is
worth corresponding with what you actually paid.

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