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Question 12 (2 points) A company purchases real estate that includes land with a fair value of $360,000, a building with a fair value of
Question 12 (2 points) A company purchases real estate that includes land with a fair value of $360,000, a building with a fair value of $230,000, and equipment with a fair value of $70,000. It the purchase price of the real estate is $610,000, what amount should be debited to the equipment account? $75,738 $70,000 O $20,000 $64,697
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