Cell Styles ~ Format Undo Clipboard Font Alignment Number Styles Cells F13 XV fx A B C D E F G H K L Buying Land 2 Beaumont company recently purchased some real estate that contained, land improvements (parking lot) and a building. Beaumont has the property appraised after the purchase. The information is below: Land Purchase 375,927 Land Appraisal 175,000 Improvement appraisal 87,000 Co Building Appraisal 210,000 9 10 1 Allocate the total cost to the three assets Percent of x total Total Asset Description Appraisal = allocated Values Appraised acquisition cost 11 Value cost 12 Land 175,000 37.1% 375,927 13 Land improvements 87,000 18.4% 375,927 14 Building 210,000 44.5% 375,927 15 Totals 472,000 Problem 3 +