Estimating of the market values

Reference no: EM13150816

Roark Company paid $630,000 for a basket purchase that included land, a building and equipment. An appraiser provided the following estimates of the market values of the assets if they had been purchased separately: Land, $150,000; Building, $480,000; Equipment, $120,000. Based on this information, what amount of cost should be assigned to each of the assets?

Show the work and explaination please.

Reference no: EM13150816

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