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VILIJWILE BUG est - 35% Question 8 of 20 - / 10 View Policies Current...

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VILIJWILE BUG est - 35% Question 8 of 20 - / 10 View Policies Current Attempt in Progress Cullumber Company purchased real estate for $1,170,000, which included $5,000 in legal fees. It paid $246,000 cash and incurred a mortgage payable for the balance. The real estate included land that was appraised at $470,400, a building appraised at $739.200. and fences and other land improvements appraised at $134,400. The building has an estimated useful life of 60 years and a $51,000 residual value. Land improvements have an estimated 15-year useful life and no residual value. Calculate the cost that should be allocated to each asset purchased. (Round percentage of total to 2 decimal places, s. 52.65% and final answers to decimal places, eg. 5.275.) Land $ Building $ Land improvements S to search O * is IA 12

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