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Enterprises buys a warehouse for $ 570 comma 000$570,000 to use for its East Coast distribution operations. On the date of the purchase, a professional
Enterprises buys a warehouse for $ 570 comma 000$570,000 to use for its East Coast distribution operations. On the date of the purchase, a professional appraisal shows a value of $ 640 comma 000$640,000 for the warehouse. The seller had originally purchased the building for $ 505 comma 000$505,000. Dill has a similar warehouse on the West Coast that has a book value of $ 584 comma 000$584,000. Under the historical cost principle, Dill should record the building for
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