ACCT 284 at Iowa State University

2. Lump Sum Purchases

in Topic 8 (Video 2 of 8)
When you buy a group of assets all at once, you need to split up the purchase price in a reasonable way. I'll show you what is reasonable.

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Purchase Price of Asset = Purchase Price of Group * (FMV of Asset / FMV of Whole Group)
Lump Sum Purchases are also called Basket Purchases, or Group Purchases

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