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3 Pinewood Company purchased two buildings on four acres of land. The lump-sum purchase price was ( $ 1,500,000 ). According to independent appraisals, the

3 Pinewood Company purchased two buildings on four acres of land. The lump-sum purchase price was \( \$ 1,500,000 \). According to independent appraisals, the fair values were \( \$ 640,000 \) (building 2 answers

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