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Dorsey Co. has expanded its operations by purchasing a parcel of land with a building on it from Bibb Co. for $93,000. The appraised value

Dorsey Co. has expanded its operations by purchasing a parcel of land with a building on it from Bibb Co. for $93,000. The appraised value of the land is $30,000, and the appraised value of the building is $106,000. Assuming that the building is to be used in Dorsey Co.'s business activities, what cost should be recorded for the land

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