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Question 5 3.5pts On April 1, 2025, XYZ Company paid $43 5,000 to purchase some land, a building, and a piece of machinery. The market

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Question 5 3.5pts On April 1, 2025, XYZ Company paid $43 5,000 to purchase some land, a building, and a piece of machinery. The market values of these assets on that date were: \begin{tabular}{lc} & \multicolumn{1}{c}{ Market Value } \\ \hline Land & $99,000 \\ Building & $216,000 \\ Machinery & $135,000 \end{tabular} Before the assets could be used, XYZ C ompany had to spend $16,000 to renovate the building and $11,000 to put the machinery in working order. Calculate the cost assigned to the mac hinery account

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