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Brady Corporation acquired an office building on three acres of land for a lump-sum price of $2,400,000. The building was completely furnished. According to independent

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Brady Corporation acquired an office building on three acres of land for a lump-sum price of $2,400,000. The building was completely furnished. According to independent appraisals, the fair values were $1,300,000, $780,000, and $520,000 for the building, land, and furniture and fixtures, respectively. The initial values of the building, land, and furniture and fixtures would be: 4. Building $1,300,000 $1,200,000 $ 720,000 None of these answer choices are correct. Land Fixtures $ 780,000 $ 720,000 $1,200,000 $520,000 $480,000 $480,000 a. b. C. d. Brady Corporation acquired an office building on three acres of land for a lump-sum price of $2,400,000. The building was completely furnished. According to independent appraisals, the fair values were $1,300,000, $780,000, and $520,000 for the building, land, and furniture and fixtures, respectively. The initial values of the building, land, and furniture and fixtures would be: 4. Building $1,300,000 $1,200,000 $ 720,000 None of these answer choices are correct. Land Fixtures $ 780,000 $ 720,000 $1,200,000 $520,000 $480,000 $480,000 a. b. C. d

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