Determine the cost to be assigned to each component

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Reference no: EM13914578

Pattia Company purchased property with a warehouse and parking lot for $1,500,000. An appraiser valued the components of the property if purchased separately as follows.

Land	$ 400,000
Land improvements	200,000
Building	1,000,000
Total	$1,600,000

Determine the cost to be assigned to each component.

Reference no: EM13914578

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