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Monarch Consultants Corporation obtained a building, its surrounding land, and a computer system in a lump-sum purchase for $ 375 comma 000.An appraisal set the
Monarch Consultants Corporation obtained a building, its surrounding land, and a computer system in a lump-sum purchase for $ 375 comma 000.An appraisal set the value of the land at $ 184 comma 500,the building at $ 144 comma 000,and the computer system at $ 121 comma 500. At what amount should MonarchConsultants record each new asset on its books?
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