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On March 1, ashcord industries recently paid 900,000 cash to buy the capital assets of another company that went out of business. An independent appraiser

On March 1, ashcord industries recently paid 900,000 cash to buy the capital assets of another company that went out of business. An independent appraiser assigned thr following Fair Values.
Prepare the journal entry to record the acquistion
image text in transcribed
image text in transcribed
Land Building $672,000 428 000 Date Account Titles and Explanation PR Debit Credit

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