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Marin Inc. purchased land, a building, and equipment from Spamela Corporation for a cash payment...

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Accounting

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Marin Inc. purchased land, a building, and equipment from Spamela Corporation for a cash payment of $406,800. The assets' estimated fair values are land $99.000, building $240.000, and equipment $113,000. At what amounts should each of the three assets be recorded? (Do not round intermediate calculations. Round final answer to 0 decimal places, e.g.5,275.) Land $ Building $ Equipment $ e Textbook and Media Save for Later Attempts: unlimited Submit

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