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E9-2B.Rand.01 BeBook Print Question 2 Not complete Marked out of 2.00 Flag question Allocation of Package Purchase Price Andrew Lupino went into business by purchasing
E9-2B.Rand.01 BeBook Print Question 2 Not complete Marked out of 2.00 Flag question Allocation of Package Purchase Price Andrew Lupino went into business by purchasing a car lubrication consisting station of land, a building, and equipment. The seller's original asking price was $220,000. Lupino hired an appraiser for $2,000 to appraise the assets. The appraised valuations were: Property Assessed Value Land $38.000 Building 95,000 Equipment 57,000 Total $190,000 After receiving the appraisal, Lupino offered $175,000 for the business. The seller refused this offer, Lupino then offered $186,000 for the business, which the seller accepted. Using the appraisal values as a guide, allocate the total purchase price of the car lubrication station to the Land, Building, and Equipment accounts. Allocation of Asset Purchase Price Land 0 Building o Equipment Total 0 0 Check
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