Determine the initial valuation of each asset, assuming that immediately after acqu

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. 1)
Land 2 ) Building 3) Land Improvement