P10-1A
Timberly construction
|
TIMBERLY CONSTRUCTION
|
|
|
Cash price for all assets purchased
|
$900,000
|
|
Estimated market values:
|
|
|
Building
|
$508,800
|
|
Land
|
$297,600
|
|
Land
improvements
|
$28,800
|
|
Vehicles(4)
|
$124,800
|
|
Building:
|
|
|
Useful
life in years
|
15
|
|
Salvage
value
|
$27,000
|
|
Land improvements useful life in years
|
5
|
|
|
|
|
Check figures:
|
|
|
(2)
|
$30,000
|
|
(3)
|
$10,800
|
TUTORIAL PREVIEW
|
TIMBERLY CONSTRUCTION
Schedule
|
||||
|
|
Estimated
Market
Value
|
Percent
of total
|
Apportioned
Cost
|
|
|
Building
|
$508,800
|
53%
|
$477,000
|
< -Correct
|
|
Land
|
297,600
|
31%
|
279,000
|
< -Correct
|
