Question 25 4 pts Ormond Corporation paid $1,400,000 for a group purchase of land, a building, and equipment. At the time of the acquisition, the land had a current market value of $400,000, the building had a current market value of $800,000, and the equipment had a current market value of $300,000. In what amount should the equipment account be debited? (round to the nearest dollar) Answer: $

Ormond Corporation paid \$1,400,000 for a group purchase of Land, a building, and couflpmont. At the time of the arquitition, the land had a current market value of $400,000, the buliding had a current market value of $800,000, and the equipment had a current market value of $300,000. In what amount should the equipment account be debitred? (round to the nearest dollar)