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ck Corporation purchased for $1,710,000 a tract of land on which was located a warehouse and office building. Original cost of land was $560,000, warehouse
ck Corporation purchased for $1,710,000 a tract of land on which was located a warehouse and office building. Original cost of land was $560,000, warehouse $ 360,000 and building $680,000. Current asset valuation show their values as Land $600,000, warehouse $ 400,000 and building $ 800,000. What are the appropriate amounts that Nick should record for the land, warehouse, and office building, respectively? "
"Land, $560,000; warehouse, $360,000; office building, $680,000. "
"Land, $600,000; warehouse, $400,000; office building, $800,000. "
"Land, $598,500; warehouse, $384,750; office building, $363,375. "
"Land, $570,000; warehouse, $380,000; office building, $760,000. "
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