Mega corp. Bougt a realestate, land and machinery at a aution that belonged to a competitor that went under. Sale price (on sale) was 75000000. The real estate profit, land and machinery was bought at that price. Fixing and installation costs at Mega corp. were 7500000 to get everything up and running. Estimated fixed cost market value that Mega corp. bought at a auctoion are: Real estate 62000000 Land 8500000 Machines 23000000 All 93500000 Decide by calculating the amount that is booked at Mega. corp of the purchase. Dividing purchase prices on real estate, land and machinery.

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Given that Sale price 75000000 Fixing and Installation Co... View the full answer