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Nordso Ltd . purchased a new warehouse. The warehouse had been listed for sale for $ 5 , 1 6 5 , 0 0 0

Nordso Ltd. purchased a new warehouse. The warehouse had been listed for sale for $5,165,000, but Nordso $5,015,000. The bank, which was providing Nordso with the financing for the purchase, required that an appr property. The appraisal report came back with the following estimated market values: land $1,714,088, buildi improvements $354,108.
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