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A company acquired property that included land, building and equipment for a total cost of $163,000. The land was appraised at $87,500, the building at
A company acquired property that included land, building and equipment for a total cost of $163,000. The land was appraised at $87,500, the building at $35,000, and the equipment at $52,500. What should be the allocation of the total cost in the accounting records
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