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chico Company paid $560,000 for a basket purchase that included office furniture a building and land an appraiser provided the following estimates of the market

chico Company paid $560,000 for a basket purchase that included office furniture a building and land an appraiser provided the following estimates of the market values of the assets if they had been purchased separately: office furniture $140,000 building $460,000 and land $110,000 based on this information what is the cost that should be allocated to the office furniture

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