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A company recently decided to accept a proposal from a Midwestern city that publicly owned property with a large warehouse located on it will be
A company recently decided to accept a proposal from a Midwestern city that publicly owned property with a large warehouse located on it will be donated to the company if the company will build a branch plant in the Midwestern city. The appraised value of the property is $500,000 and of the warehouse is $1,000,000. Using the attached T-account template, prepare the entry by the company for the receipt of the properties
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