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Primadonna Company paid $870,000 plus $10,000 in legal costs for a parcel of real estate. This included land appraised at $450,000, land improvements appraised
Primadonna Company paid $870,000 plus $10,000 in legal costs for a parcel of real estate. This included land appraised at $450,000, land improvements appraised at $170,000, and a building appraised at $380,000. The plan is to use the building as a manufacturing plant Determine the amounts that should be debited to: (a) Land (b) Land Improvements (c) Building $ $ $
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