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Al Kawthar Energy purchased land in fee for $200,000, The fair market values of the surface and mineralright were determined by a qualified appraise as

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Al Kawthar Energy purchased land in fee for $200,000, The fair market values of the surface and mineralright were determined by a qualified appraise as follows: Surface rights $100,000 Mineral rights $180,000 $280.000 Required: Prepare a journal entry to record the purchase

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