Question
33. For $5,550,000 Forester Incorporated purchased another company's land, building, and equipment. Dependent appraisals indicate the value of these assets as follows: Land $700,000 Building
33. For $5,550,000 Forester Incorporated purchased another company's land, building, and equipment. Dependent appraisals indicate the value of these assets as follows:
Land $700,000
Building $3,600,000
Equipment $1,800,000
How much should be recorded as an acquisition cost of each asset?
plz show step
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0471072419, 978-0471072416
