Answer:
purchase cost of patent = $1,880,000
Explanation:
total independent values = $1,100,000 + $2,200,000 + $3,300,000 + $4,400,000 = $11,000,000
we must allocate the purcahse cost proportionally:
purchase cost of building = $1,100,000/$11,000,000 x $9,400,000 = $940,000
purchase cost of patent = $2,200,000/$11,000,000 x $9,400,000 = $1,880,000
purchase cost of land = $3,300,000/$11,000,000 x $9,400,000 = $2,820,000
purchase cost of equipment = $4,400,000/$11,000,000 x $9,400,000 = $3,760,000
