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Help Save & Exit Submit Check my work Exercise 10-8 Lump-sum acquisition [LO10-2] Pinewood Company purchased two buildings on four acres of land. The lump-sum purchase price was $2.,600,000. According to independent appraisals, the fair values were $1,080,000 (building A) and $675,000 (building B) for the buildings and $945,000 for the land. Required: Determine the initial valuation of the buildings and the land. Initial Valuation Asset Land Building A Building B Total