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Heidel Co. paid $750,000 cash to buy the plant assets of Rogers Co. that went out of business. An independent appraiser assigned the following values
Heidel Co. paid $750,000 cash to buy the plant assets of Rogers Co. that went out of business. An independent appraiser assigned the following values to the assets acquired:
Land ... Building..... Equipment . . .
$200,000, 325,000 and 5,000.
Allocate the purchase price into the 3 categories (Land, Building and Equipment).
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