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On December 1 Bargain Inc purchased land, buildings, and equipment for a lump sum cash price of $ 7 5 0 , 0 0 0

On December 1 Bargain Inc purchased land, buildings, and equipment for a lump sum cash price of $750,000. The appraised values are as follows:
Appraised
Value
Land
40,000
Buildings
400,000
Equipment
360,000
Give the journal entry to record the acquisition.

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