Determine the initial valuation

Reference no: EM13320442

Determine the initial valuation of each asset, assuming that immediately after acquisition, Semtech demolished the building. Demolition costs were $260,000 and the salvaged materials were sold for $6,500. In addition, Semtech spent $80,000 clearing and grading the land in preparation for the construction of a new building.

Reference no: EM13320442

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