Cantor Corporation acquired a manufacturing facility on four acres of land for a lump-sum price of $8,000,000.The building included used but functional equipment.According to independent appraisals,the fair values were $4,500,000,$3,000,000,and $2,500,000 for the building,land,and equipment,respectively.The initial values of the building,land,and equipment would be:

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The Answer of Cantor Corporation acquired a manufacturing facility on four acres of land for a lump-sum price of $8,000,000.The building included used but functional equipment.According to independent appraisals,the fair values were $4,500,000,$3,000,000,and $2,500,000 for the building,land,and equipment,respectively.The initial values of the building,land,and equipment would be:

Cantor Corporation Acquired a Manufacturing Facility on Four Acres of Land