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Please include the answers highlighted Score: 0 of 1 pt Question Help S7-2 (similar to) Pittsfield Sound Center pays $300,000 for a group purchase of
Please include the answers highlighted
Score: 0 of 1 pt Question Help S7-2 (similar to) Pittsfield Sound Center pays $300,000 for a group purchase of land, building, and equipment. At the time of acquisition, the land has a current market value of $33,000, the building's current market value is $231,000, and the equipment's current market value is $66,000. Prepare a schedule allocating the purchase price of $300,000 to each of the individual assets purchased based on their relative market values, then journalize the lump-sum purchase of the three assets. The business signs a note payable for the purchase price, Prepare a schedule allocating the purchase price of $300,000 to each of the individual assets purchased based on their relative market values, then journalize the lump-sum purchase of the three assets. The business signs a note payable for the purchase price, Begin by preparing a schedule allocating the purchase price of $300,000 Market Percentage of Total Cost of (Sales) Value Asset Market Value Each Asset % Land % Building % Equipment 100 Total ? Enter any number in the edit fields and then click Check Answer Check Answer Clear All 1 part remaining ING po O LG NVIDIA G SYNE 140 It FHFStep by Step Solution
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