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2. Why would the company not record the purchase at $1,000,000 (the appraised value of the land and building)? 3. Why must the company record

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2. Why would the company not record the purchase at $1,000,000 (the appraised value of the land and building)? 3. Why must the company record the land and building separately? 2. Why would the company not record the purchase at $1,000,000 (the appraised value of the land and building)? 3. Why must the company record the land and building separately

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