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Kenyon Company purchased land and a building for $270,000. The appraised values of the land and building were $100,000 and $200,000, respectively. The purchase price

Kenyon Company purchased land and a building for $270,000. The appraised values of the land and building were $100,000 and $200,000, respectively. The purchase price allocated to the land should be: (90,000 is answer)

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