ANSWER THE FOLLOWING BASED ON INSTRUCTIONS EACH QUESTION CARRIES 3 MARKS INDICATE STEP WISE CALCULATIONS 1. a. You paid S360,000 cash to acquire a group of items consisting of land appraised at $120,000, land improvements appraised at $40,000, and a building appraised at $240,000. The $360,000 cost will be allocated on the basis of appraised values indicate both apportioned cost as well as appraised values in the tabular format. Ans: Follow the tabular format to represent both the values b. A company purchased a special purpose machine on August 1 of the past year, and it was installed and ready to run on January 1 of this year. The following costs were incurred in the purchase and installation of the machine. Invoice price AED 125,000 Sales tax- -AED 5250. Insurance charges. AED 1500 Adjustments to run the machine AED 160 Electrical and power connection charges AED 220 Fines paid during the transport of the machinery..... AED 400 Damage repairs due to negligence of the worker-... AED 375 Compute the acquisition cost of the machinery. Do we take all or ignore few. If so why