Answer:
$4235350.
Explanation:
Given: Estimated fair value of the equipment= $1000000.
            Estimated fair value of the building=     $7000000.
            Estimated fair value of the land=           $2000000.
            One Purchase price of equipment, building and land= $6050500.
First finding the allocated percentage share of building.
Total amount shared by building, land and equipments= 
∴ Total amount shared by building, land and equipments= 
Allocated percentage share of building= 
⇒ Allocated percentage share of building= 
∴ Allocated percentage share of building= 
Now, calculating amount would the company record the building.
Amount recorded for the building= 
⇒ Amount recorded for the building= 
∴ Amount recorded for the building=  .
.
Hence, amount that company would record for building is $4235350.