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9. ACME Inc paid $167,500 for a group of assets with cash, consisting of land appraised at $56,000, building at $79,000, land improvements at $30,000
9. ACME Inc paid $167,500 for a group of assets with cash, consisting of land appraised at $56,000, building at $79,000, land improvements at $30,000 and equipment at $25,000. Record the purchase. (calculate percentages to 5 decimal places)
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ACCA Advanced Audit And Assurance
Authors: Nick Blackwell, Annabel Lefton, Emile Woolf International
1st Edition
