Question: 1. Please use the relative-sales-value method to properly allocate your purchase price of a building with land to each specific asset for your balance sheet.

1. Please use the relative-sales-value method to properly allocate your purchase price of a building with land to each specific asset for your balance sheet. You paid $920,000 for this purchase and the land was appraised at $300,000 and the building was appraised at $750,000
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