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Pitts Company acquired real estate that consisted of building, equipment, and land. The total cost of the purchase was $1,900. An appraisal resulted in the

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Pitts Company acquired real estate that consisted of building, equipment, and land. The total cost of the purchase was $1,900. An appraisal resulted in the following individual market values: Building = $1,100 Equipment = $726 Land = $374 What value will Pitts record for the land

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