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13) Adriana Holdings Company purchased real estate for 580,000, plus closing costs and fees of $25,000. The property, which included land, building, and land improvements,
13) Adriana Holdings Company purchased real estate for 580,000, plus closing costs and fees of $25,000. The property, which included land, building, and land improvements, was appraised for $700,000, as follows: Building $400,000 Land 180,000 Land improvements 120,000 What is the asset Building that should be reported on Adriana Holding's balance sheet at the end of the period
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