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Cold Stone Bakery purchases land, building, and equipment for a single purchase price of $300,000. However, the estimated tair values of the land, bullding, and

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Cold Stone Bakery purchases land, building, and equipment for a single purchase price of $300,000. However, the estimated tair values of the land, bullding, and equipment are $100,000,$260,000, and $40,000, respectively, for a total estimated fair value of $400,000. Required: Determine the amounts Cold Stone should record in the separate accounts for the land, the bullding, and the equipment

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