Sauer Energy purchased land in fee for $100,000. The fair market values of the surface and mineral
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Sauer Energy purchased land in fee for $100,000. The fair market values of the surface and mineral rights were determined by a qualified appraiser as follows:
Prepare a journal entry to record the purchase.
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Related Book For 
Fundamentals Of Oil And Gas Accounting
ISBN: 9781593701376
5th Edition
Authors: Charlotte J. Wright, Rebecca A. Gallun
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