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Question 11 4 pts Hatchet Corporation purchased a lump-sum group of assets for $500,000. These assets included 1) a building, with a fair market value

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Question 11 4 pts Hatchet Corporation purchased a lump-sum group of assets for $500,000. These assets included 1) a building, with a fair market value of 420,000, 2) furniture, with a fair market value of 60,000, and 3) equipment, with a fair market value of 40,000. How much should Hatchet report as equipment from this purchase on its balance sheet? 0 $40,000 O $41,600. O The amount can't be determined based on this information. O $38,462

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