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Big Corp. purchased the physical assets of Small Company at an auction for a lump sum. Purchase Price They paid a fee to an independent
Big Corp. purchased the physical assets of Small Company at an auction for a lump sum. Purchase Price They paid a fee to an independent appraiser of Fair Values as determined by appraiser: Land Building Equipment Trucks $6,000,000 $30,000 $1,800,000 $2,700,000 $1,200,000 $1,900,000 How much of the total acquistion cost should be allocated to the building: OA different amount. $2,700,000. $2,240,000. O $1,507,500. $2,251,200
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