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1. Wholesale Banners pays $260,000 cash for a group purchase of land, bulding, and equipment. At the 1 me of acquiation, the land has a

1. Wholesale Banners pays $260,000 cash for a group purchase of land, bulding, and equipment. At the 1 me of acquiation, the land has a market value of $72500, the builfing $183,500, and the equipment $20,000. Joumalise the lump-sum purchase

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