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PROBLEM 5 (10 pts.) Harris recently bought some property for S105,000 in a sheriff's sale. The land had a usable building on it, and inside

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PROBLEM 5 (10 pts.) Harris recently bought some property for S105,000 in a sheriff's sale. The land had a usable building on it, and inside the building was some shelving and storage cabinets. The fair market value for each of the assets acquired was: $30,000 Building 590,000 Fixtures $5,000 Land Calculate the cost of each asset

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