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Little Construction Ltd  Land $200,000 Building 300,000 Equipment 150,000\begin{array} { l r } \text { Land } & \$ 200,000 \\\text { Building } & 300,000 \\\text { Equipment } & 150,000\end{array}

question 4

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Little Construction Ltd. bought land, a building, and equipment for a lump-sum of $600,000. Following are the appraised fair market values of the newly acquired assets:  Land $200,000 Building 300,000 Equipment 150,000\begin{array} { l r } \text { Land } & \$ 200,000 \\\text { Building } & 300,000 \\\text { Equipment } & 150,000\end{array} Determine the cost of each asset. Round to the nearest dollar if necessary. Land \quad\quad ------
Building \quad\quad -----
Equipment \quad\quad -----


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