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Antone going out of business. The purchase is completed on January 1.2015, at a total cash price of $900,000 for a building, land, land improvements,

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Antone going out of business. The purchase is completed on January 1.2015, at a total cash price of $900,000 for a building, land, land improvements, and four vehicles. The estimated market values of the assets are building, $508,800; land. $297,600; land improvements. $28,800: and four vehicles, $124,800, The company's fiscal year ends on December 31.(8.1A) Required tti Construction negotiates a lump-sum purchase of several assets from a company that is 1. Prepare a table to allocate the lump-sum purchase price to the separate assets purchased (round percents to the nearest 1%) Prepare the journal entry to record the purchase

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