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Pitney Co. purchased an office building, land, and furniture for $660,000 cash. The appraised value of the assets was as follows: Land $ 73,920
Pitney Co. purchased an office building, land, and furniture for $660,000 cash. The appraised value of the assets was as follows: Land $ 73,920 Building Furniture Total 221,760 443,520 $739,200 Required a. Compute the amount to be recorded on the books for each asset. b. Record the purchase in a horizontal statements model. Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount to be recorded on the books for each asset. (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Land Building Allocated Cost Furniture Total < Required A Required B >
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