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Lopez Company purchased land and a building for $ 4 6 0 , 0 0 0 . A real estate appraiser determined the fair market

Lopez Company purchased land and a building for $

460, 000 .

A real estate appraiser determined the fair market value was $

100, 000

for the land and $

400, 000

for the building. Based on this information, Lopez should record the land cost as Blank

______.

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