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Cantor Corporation acquired a manufacturing facility on four acres of land for a lump-sum price of $8,600,000. The building included used but functional equipment. According
Cantor Corporation acquired a manufacturing facility on four acres of land for a lump-sum price of $8,600,000. The building included used but functional equipment. According to independent appraisals, the fair values were $3,720,000, $6,200,000, and $2,480,000 for the building, land, and equipment, respectively. The initial values of the building, land, and equipment would be: a. b. C. d. Building $3,720,000 $3,720,000 $2,580,000 Land $6,200,000 $6,200,000 Equipment $2,480,000 $ 620,000 $4,300,000 $1,720,000 None of these answer choices are correct. Multiple Choice Option A Option D Option B
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