How would FastShip divide a $158,000 lump-sum purchase price for land, building, and equipment with estimated market values of $50,750, $121,800, and $30,450, respectively? (Round interim calculations to the nearest tenth of a percent, X.X%, and your final answers to the nearest whole dollar.) Land Building Equipment Total Estimated Market Value $ 50,750 $ 121,800 30,450 $ 203,000 Cost of Each Asset

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Subject: acounting 

K
How would FastShip divide a $158,000 lump-sum purchase price for land, building, and equipment with estimated
market values of $50,750, $121,800, and $30,450, respectively? (Round interim calculations to the nearest tenth of a
percent, X.X%, and your final answers to the nearest whole dollar.)
Land
Building
Equipment
Total
Estimated
Market Value
$
50,750
$
121,800
$ 30,450
$ 203,000
Cost of Each.
Asset
(0)
to
(0
2) (
atic
Transcribed Image Text:K How would FastShip divide a $158,000 lump-sum purchase price for land, building, and equipment with estimated market values of $50,750, $121,800, and $30,450, respectively? (Round interim calculations to the nearest tenth of a percent, X.X%, and your final answers to the nearest whole dollar.) Land Building Equipment Total Estimated Market Value $ 50,750 $ 121,800 $ 30,450 $ 203,000 Cost of Each. Asset (0) to (0 2) ( atic
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