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Question 1 (10 points) Bowie Company made a lump sum purchase of land, building, and equipment. The following were the appraised values of each element:

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Question 1 (10 points) Bowie Company made a lump sum purchase of land, building, and equipment. The following were the appraised values of each element: PP&E Element Land Building Equipment Bowie paid $65,000 cash for the lump sum purchase. What value should be allocated to the Amount $15,000 30,000 50,000 building? (Enter only whole dollar values.)

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