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3. Angel Company acquired a tract of land on which was located an office building, and a warehouse for a lump sum of P13,750,000. The
3. Angel Company acquired a tract of land on which was located an office building, and a warehouse for a lump sum of P13,750,000. The following data were taken relative to these real properties: Land Office building Warehouse Appraised Value 16,900,000 4,500,000 3,600,000 P15,000,000 Compute the allocated cost to land, office building and warehouse
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