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Harris recently bought some property for $105,000 in a sheriffs sale. The land had a usable building on it, and inside the building was some

Harris recently bought some property for $105,000 in a sheriffs sale. The land had a usable building on it, and inside the building was some shelving and storage cabinets. The fair market value for each of the assets acquired was:

Land $30,000

Building $90,000

Fixtures $5,000

Calculate the cost of each asset.

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