Harvey Ltd. purchased land and building in exchange for 50,000 shares of its stock that is trading on the New York Stock Exchange at $20 a share. Although the market values of the purchased assets are unknown, the current assessed value of the land is $300,000 and the building is $600,000. How much is assigned to the land and to the building?

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The Answer of Harvey Ltd. purchased land and building in exchange for 50,000 shares of its stock that is trading on the New York Stock Exchange at $20 a share. Although the market values of the purchased assets are unknown, the current assessed value of the land is $300,000 and the building is $600,000. How much is assigned to the land and to the building?