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4 . On December 1 2015 , ABC purchased the following assets from XYZ for a $220 000 zero interest bearing note due December 1

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4 . On December 1 2015 , ABC purchased the following assets from XYZ for a $220 000 zero interest bearing note due December 1 2016 . The market interest rate for obligations of this nature is 10% XYZ Book Value Fair Value Inventory $60 00 $50 000 Land $40 00 $80.000 Buildings $70.000 $120.000 $170 090 $250. 000

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