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.

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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