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Laramie Company has acquired a property that included both land and a building for $600,000. The company hired an appraiser who has determined that the

Laramie Company has acquired a property that included both land and a building for $600,000. The company hired an appraiser who has determined that the market value of the land is $300 000 and that of the building is $450.000.

At what amount should the company record the cast of the building?

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