Vivan moore purchased a building and land $600,000. in addition to the purchase price the company made the following expenditures related to the acquisition $2500 personal property tax on the building as well as reconditiong fees on $25,000. Land was cleared Driveways was added for $20,000 and $12,000 respectively. also an independent apprasial estimated the fair values of assets at $33,000 and $45,000 for the land a building respectively.