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View Full Version : Lump-sum Purchase of Assets


lorischmidt
Nov 4, 2012, 09:36 PM
sue bought land, a building and equipment for a lump sum of $780,000. The appraised market values are as follows: land $450,000, building $400,000, and equipment $150,000. What is the cost of each asset?

Haleigh012235
Nov 5, 2012, 01:18 AM
My Brain...

lorischmidt
Nov 6, 2012, 03:21 PM
My Brain...

If you aren't going to help, then don't bother responding. I asked for help because I do not understand this stuff and would like to be successful in my class. I do not know where to start with this and would like some real help