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On May 1, 2011, Lenny Corporation purchased for $690,000 a tract of land on which a warehouse and office building were located. The following data
On May 1, 2011, Lenny Corporation purchased for $690,000 a tract of land on which a warehouse and office building were located. The following data were collected concerning the property: Determine the appropriate amounts that Lenny should record for the land, warehouse, and office building
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