Answer:
$450,000
Step-by-step explanation:
The appraised values will be used as the basis for apportioning the cost of the assets purchased in the book in a direct proportion manner.
Total appraisal value = $200,000 + $600,000 + $1,200,000
= $2,000,000
Hence the land will be recorded as;
= ($600,000/$2,000,000) × $1,500,000
= $450,000