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On July 7, 2020 Fiona Corp. purchased a factory with all its equipment for $546000. Market value for the land on which the factory building
On July 7, 2020 Fiona Corp. purchased a factory with all its equipment for $546000. Market value for the land on which the factory building is constructed is $418000. Market values for the factory building and equipment are $228000 and $312000, respectively. How much of the purchase price will be allocated to the equipment account
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