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Company paid 770,000 cash to acquire a group of items consisting of land appraised at 500,000, land improvements appraised at 190,000, and a building appraised
Company paid 770,000 cash to acquire a group of items consisting of land appraised at 500,000, land improvements appraised at 190,000, and a building appraised at 140,000. The 230,000 cost will be allocated on the basis of appraised values, Prepare allocation table
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