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please help QUESTION 11 On April 1. Mooney Corporation purchased for $1.620,000 a tract of land on which a warehouse and office building was located.
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QUESTION 11 On April 1. Mooney Corporation purchased for $1.620,000 a tract of land on which a warehouse and office building was located. The following data were collected concerning the property Current Assessed Valuation Seller's Book Value Land $400,000 $370,000 Warehouse 900,000 680,000 Orice building 700.000 550.000 $2.000,00 $1,600.000 What are the appropriate amounts that Mooney should debit for the land, warehouse, and office bulding, respectively Step by Step Solution
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