Logic Co$.$ recently negotiated a lump$-$sum purchase of several assets from a company that was going out of business. The purchase was completed on March $1,2023,$ at a total cash price of $$1,540,000$ and included a building, land, certain land improvements, and $20$ vehicles. The estimated market values of the assets were building, $$688,800$; land, $$588,000$; land improvements, $$201,600$; and vehicles, $$201,600.$ The company$$s fiscal year ends on December $31.$