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During the year 20xl you purchased an old building and a piece of land hoping to turn it into a popular breakfast restaurant specializing in

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During the year 20xl you purchased an old building and a piece of land hoping to turn it into a popular breakfast restaurant specializing in crpes. You paid a total of $315530. More information is shown below: Original Cost to Seller $94359 $354243 Fair Market Value Land Building $95737 $268142 At what amount will the building be reported on the balance sheet

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