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KFC pays $440,000 for real estate plus $23,320 in closing costs. The real estate consists of land appraised at $180,400, land improvements at $82,000, and

KFC pays $440,000 for real estate plus $23,320 in closing costs. The real estate consists of land appraised at $180,400, land improvements at $82,000, and a building appraised at $147,6000. Allocate the total cost among the three purchased assets.

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