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$($Click the icion lo vies the data$)$

Requiremente

Journalize the entry to accord Midlands purchase of Shurburn Wireless for $$400,000$ casth plus a $$600,000$ note payable.

Date $1$ Accounte and Explanation

What special seset does Midland's scquisition of Shurbum Wirelese identify?

The acquisition identives the sssel

How should Midand Telecom account for this assel after acquing Shurburn Wireleses? Explain in detail

Midland should measure the

of the asset each year if thes sesel has inchesered in vilus, Midand ahould

If the value of the aseet has decreased, Medland should