Forest Company paid $38,000,000 for a warehouse and related assets from a company that was in bankruptcy.The warehouse includes land,building,moving equipment,and heating/ventilation/air conditioning (HVAC)system.An independent appraiser valued these items individually as follows:

Required:
Allocate the purchase price among the assets acquired.

Question

Forest Company paid $38,000,000 for a warehouse and related assets from a company that was in bankruptcy.The warehouse includes land,building,moving equipment,and heating/ventilation/air conditioning (HVAC)system.An independent appraiser valued these items individually as follows:
  
Required:
Allocate the purchase price among the assets acquired.

Quizplus · Accepted Answer

The Answer of Forest Company paid $38,000,000 for a warehouse and related assets from a company that was in bankruptcy.The warehouse includes land,building,moving equipment,and heating/ventilation/air conditioning (HVAC)system.An independent appraiser valued these items individually as follows:
  
Required:
Allocate the purchase price among the assets acquired.

Forest Company Paid $38,000,000 for a Warehouse and Related Assets