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Marked out of 1 . 6 7 Flag question Morgan Co . purchased a tract of land on which is located a warehouse and a

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Morgan Co. purchased a tract of land on which is located a warehouse and a building. The cash purchase price was $115,000 plus $10,000 in fees connected with the purchase. The following information relates to the property.
\table[[,Tax Assessment,Seller's Book Value,Original Cost],[Land,$19,800,$10,000,$10,000
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