this is an answer key, i just need explained how

apportioned cost was found

Glohaven Gardens purchased land with an office building, equipment shed, abandoned warehouse, pond with a foot bridge, parking lot and lighting for a lump-sum cost of $1,660,000. A downpayment of $415,000 was paid in cash with the balance on a long-term mortgage. The appraised values are as follows: Determine the cost to be apportioned to each item and prepare the journal entry to record the acquisition. Note: Date not necessary on journal entry 1,660,0001,660,000 Landscapes by Design intends to demolish the abandoned shed and use one half of the space to build a small storage shed and the rest will be used for a lot to show their unique creations