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Part 4: Group Purshas A company purchases land and a building on the land for $225,000 cash. The appraised fair market value of the land

Part 4: Group Purshas A company purchases land and a building on the land for $225,000 cash. The appraised fair market value of the land is 50,000 and the building is 200,000. Please provide the journal entry to record the

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