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Cold Stone Bakery purchases land, building, and equipment for a single purchase price of $ 2 4 0 , 0 0 0 . However, the

Cold Stone Bakery purchases land, building, and equipment for a single purchase price of $240,000. However, the estimated fair values of the land, building, and equipment are $85,000, $187,000, and $68,000, respectively, for a total estimated fair value of $340,000.
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