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A company purchased land, a building, and equipment for one price of $850,000. The estimated fair values of the land, building, and equipment are $106.250,

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A company purchased land, a building, and equipment for one price of $850,000. The estimated fair values of the land, building, and equipment are $106.250, $743,750, and $212,500, respectively. At what amount would the company record the land? Multiple Choice $85,000 $95,000 $106.250 $850,000

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