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Problem # 1 The Taxxon Corporation purchased the following building, equipment and inventory assets for the total amount of $ 324,000.00. The market value is

Problem # 1
The Taxxon Corporation purchased the following building, equipment and inventory assets for the
total amount of $ 324,000.00. The market value is $ 187.00.00, $ 75,000.00 and
$ 85,000.00 respectively.
Determine the cost of assets and record them

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