Pioneer Corporation purchased for $450,000 land and a building that will be used in farming operations. The appraised value of the land is $100,000 and the appraised value of the building is $400,000.
Required:
What amount of the purchase price will be allocated to the land and what amount will be allocated to the building?
$\quad $ $\quad $ $\quad $ $\quad $$\text { Appraised value \% }$
$\begin{array}{lrr}
\text { Land } & \$ 100,000 & 20\%\
\text { Building } & 400,000 & 80 \% \
\text { Total } & \$ 500,000 & 100 \% \
\end{array}$

Question

Pioneer Corporation purchased for $450,000 land and a building that will be used in farming operations. The appraised value of the land is $100,000 and the appraised value of the building is $400,000.
Required:
What amount of the purchase price will be allocated to the land and what amount will be allocated to the building?
  $\quad $ $\quad $ $\quad $ $\quad $$\text { Appraised value \% }$
$\begin{array}{lrr}
\text { Land } & \$ 100,000 & 20\%\
\text { Building } & 400,000 & 80 \% \
\text { Total } & \$ 500,000 & 100 \% \
\end{array}$

Quizplus · Accepted Answer

The Answer of Pioneer Corporation purchased for $450,000 land and a building that will be used in farming operations. The appraised value of the land is $100,000 and the appraised value of the building is $400,000.
Required:
What amount of the purchase price will be allocated to the land and what amount will be allocated to the building?
  $\quad $ $\quad $ $\quad $ $\quad $$\text { Appraised value \% }$
$\begin{array}{lrr}
\text { Land } & \$ 100,000 & 20\%\
\text { Building } & 400,000 & 80 \% \
\text { Total } & \$ 500,000 & 100 \% \
\end{array}$

Pioneer Corporation Purchased for $450,000 Land and a Building That \quad

Pioneer Corporation Purchased for $450,000 Land and a Building That $\quad$