Can I get this explained Please

Exercise 10-3 (Algo) Acquisition costs; lump-sum acquisition [LO10-1, 10-2] Samtech Manufacturing purchased land and a buliding for $3 million. In addition to the purchase price, Samtech made the following expenditures in connection with the purchase of the land and bullding: An independent appraisal estimated the fair values of the land aknd bullding. If purchased separately, at $3.6 and $1.2 million. respectively. Shortly after acquisition, Samtech spent $101,000 to construct a parking lot and $59,000 for landscaping. Required: 1. Determine the initial valuation of each asset Samtech acquired in these transactions. 2. Determine the initial valuation of each asset, assuming that immediately after acquisition, Samtech demolished the building. Demolition costs were $440,000 and the salvaged materials were sold for $7,000. In addition, Samtech spent $98,000 clearing and grading the land in preparation for the construction of a new building. Complete this question by entering your answers in the tabs below. Determine the initial valuation of each asset Samtech acquired in these transactions. Note: Enter your answers in dollars not in millions of dollars. Exercise 10-3 (Algo) Acquisition costs; lump-sum acquisition [LO10-1, 10-2] Samtech Manufacturing purchased land and buliding for $3 million. In addition to the purchase price, Samtech made the following expenditures in connection with the purchase of the land and buliding: An independent appraisal estimated the fair values of the land and building, if purchased separately, at $3.6 and $1.2 million, respectively. Shortly after acquisition, Samtech spent $101,000 to construct a parking lot and $59,000 for landscaping. Required: 1. Determine the initial valuation of each asset Samtech acquired in these transactions. 2. Determine the initial valuation of each asset, assuming that immediately after acquisition, Samtech demollshed the buliding. Demolition costs were $440,000 and the salvaged materials were sold for $7,000. In addition, Samtech spent $98,000 clearinc and grading the land in preparation for the construction of a new building. Complete this question by entering your answers in the tabs below. Determine the initial valuation of each biset, assuming that immediately after acquisition, Samtech demolished the building. Demolition costs were $440,000 and the salvaged materials were sold for $7,000. In addition, Samtech spent $98,000 clearing and grading the land in preparation for the construction of a new bullding. Note: Enter your answers in dollars not in millions of dollars