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On April 12, 2020 Vertical company paid cash of $368,250 for real estate plus $19,600 cash in closing costs. The real estate appraised value at
On April 12, 2020 Vertical company paid cash of $368,250 for real estate plus $19,600 cash in closing costs. The real estate appraised value at $166,320, Land improvement appraised at $55,440, building appraised at $174,240. please show the lump sum allocation and record the journal entry for it.
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Financial Accounting
Authors: John Hoggett, Lew Edwards, John Medlin, Keryn Chalmers, Jodie Maxfield, Andreas Hellmann, Claire Beattie
9th Edition
1118608208, 978-1118608203
