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Land, a building and equipment are acquired for a lump sum of $900,000. The market values of the land, building and equipment are $500,000, $800,000
Land, a building and equipment are acquired for a lump sum of
$900,000.
The market values of the land, building and equipment are
$500,000,
$800,000
and
$100,000,
respectively. What is the cost assigned to the equipment? (Do not round any intermediary calculations, and round your final answer to the nearest dollar.)
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