Lilly Cerith purchased a car wash for $480,000. If purchased separately, the land would have cost $120,000,
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Lilly Cerith purchased a car wash for $480,000. If purchased separately, the land would have cost $120,000, the building $270,000, and the equipment $210,000. Determine the amount that should be recorded in the new business's records for land, building, and equipment.Lo1
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