9. Acquired $156,750 of equipment. Payment was made with 10% down and financing the remaining with a 5 year, 5.5% note payable. 10. Acquired a new business entity which consists of appraised values of $450,000 for building, $250,000 for equipment, $10,000 of Inventory, and $750 for a business license. The total paid for the purchase was $2,220,000 in cash