How do I figure out the percent of total appraised value? The 22% percent I foun

Question

How do I figure out the percent of total appraised value? The 22% percent I found from a similar problem but I don't know what should replace the 60% and 18%

Required information [The following information applies to the questions displayed below.) In January 2017, Mitzu Co. pays $2,700,000 for a tract of land with two buildings on it. It plans to demolish Building 1 and build a new store in its place. Building 2 will be a company office; it is appraised at $660,000, with a useful life of 20 years and a $90,000 salvage value. A lighted parking lot near Building 1 has improvements (Land Improvements 1) valued at $570,000 that are expected to last another 19 years with no salvage value. Without the buildings and improvements, the tract of land is valued at $1,770,000. The company also incurs the following additional costs Cost to demolish Building 1 Cost of additional land grading Cost to construct new building (Building 3), having a useful life of 25 $ 343,400 195,400 2,202,000 178,000 years and a $400,000 salvage value Cost of new land improvements (Land Improvements 2) near Building 2 having a 20-year useful life and no salvage value

Explanation / Answer

% of appraised value = appraisal value of individual asset /total appraisal value

% of appraised value for Land : 1770000/3000000 = .59 or 59%

Building 2 : 660000/3000000=.22 or 22%

Land improvement : 570000/3000000 = .19 or 19%

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