Question: Discussion 4 - Allocations This discussion activity meets Module Learning Objective 1. Requirements - answer 2 questions and complete 2 replies You must label each

 Discussion 4 - Allocations This discussion activity meets Module Learning Objective

Discussion 4 - Allocations This discussion activity meets Module Learning Objective 1. Requirements - answer 2 questions and complete 2 replies You must label each answer with the number of question. Each question must have at least three sentence answers. There is no maximum sentence, use as many as you wish to thoroughly answer the question. All answers must be complete sentences using proper grammar and spelling. Josh purchased a building and land for a lump sum purchase of $1 million.Josh recorded the building at $900,000 and the land at $100,000 on his books. Based on market rates, the allocation would have been 70% for the building and 30% for the land. 1. What reasons did Josh have for recording the purchase this way? 2. Was this allocation ethical? Explain why After you post your discussion, you must also comment on at least two other students posts. Again these responses should be complete grammatically correct sentences and respectful of the each other

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