On April 1. Swifty Corporation purchased for $1566000 a tract of land on which a warehouse and office building was located. The following data were collected concerning the property:
Current Assessed Valuation Vendor’s Original Cost
Land $560000 $510000
Warehouse 390000 360000
Office building 850000 684000 $1800000 $1554000
What are the appropriate amounts that Swifty should record for the land. warehouse. and office building. respectively?
