Question

Chris Deli purchased property with a building and parking lot for $1,700,000. An appraiser valued the components of the property if purchased separately as follows:
Land .............. $ 600,000
Land improvements ........ 300,000
Building .............. 900,000
Total .............. $1,800,000
Determine the cost to be assigned to each component.



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  • CreatedSeptember 10, 2014
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