Samtech Manufacturing purchased land and a buliding for $4 million. In addition to the purchase price, Samtech made the followng expenditures in connection with the purchase of the land and bulding: An independent appraisal estimated the fair values of the land and bullaing. If purchased separately, at $3.6 and $1.2 million, respectively Shonty after acquisition, Samtech spent $84,000 to construct a parking lot and $42,000 for landscaping. Requitred: 1. Determine the inttial valuation of each asset Samtech acquired in these transactions. 2. Determine the initial valuation of each asset, assuming that immediately after acquisition, Samtech demolished the bullding. Demolition costs were $270,000 and the salvaged materiais were sold for $7,000 in oddition, Samtech spent $81,000 clearing and grading the land in preparation for the constructuon of a new bulding. Complete this question by entering your answers in the tabs below. Determine the initial valuation of each asset samtech acquired in these transactions: Note: Enter your answers in dollars not in millions of dollars. 1. Determine the initial valuation of each asset Samtech acquired in these transactions. 2 Determine the initial valuation of each asset, assuming that immediately after acquisition, Samtech demolished the bullding Demolition costs were $270,000 and the salvoged materlats were sold for $7,000, in addition, Samtech spent $81,000 clearing and grading the land in preparation for the construction of a new bulling. Complete this question by entering your answers in the tabs below. Determine the initial valuation of each asset, assuming that immediately after acquisiben, Samtech demolished the building. Demolition costs were $270,000 and the salvaged materials were sold for $7,000. In addition, Samtech spent $81,000 clearing and grading the land in preparation for the construction of a new building. Noter Enter your answers in dollars not in mallions of dallan