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17 Land and a warehouse were acquired for $820,000. What amounts should be recorded in the accounting records for the land and for the warehouse
17 Land and a warehouse were acquired for $820,000. What amounts should be recorded in the accounting records for the land and for the warehouse if an appraisal showed the estimated values to be $420,000 for the land and $700,000 for the warehouse? (Round intermediate percentage calculations to 1 decimal place.) points Multiple Choice 8 01:20:10 O $120,000 for land, $700,000 for warehouse O O $307,500 for land: $512,500 for warehouse $420,000 for lond: 5820,000 for warehouse, O
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