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Red Rock Bakery purchases land, building, and equipment for a single purchase price of $560,000...

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Accounting

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Red Rock Bakery purchases land, building, and equipment for a single purchase price of $560,000 However, the estamated tair values of the land, buiding, and equipment are $231.000, $363,000, and $66,000, respectively, for a total estimated far value of $660,000 Required: Determine the amounts Red Rock should record in the separate accounts for the land, the building. and the equpment Fair Recorded Basket Value Percentage Land Building Equipment Total

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