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Question 8 10 pts Suppose a company purchased land and a building for $25,000,000. The appraised a value of the building was $17,000,000, and the
Question 8 10 pts Suppose a company purchased land and a building for $25,000,000. The appraised a value of the building was $17,000,000, and the land was appraised at $10,000,000. * Note: for calculations, round to nearest whole percentage before calculating the allocation of the purchase price (i.e., if percentage calculates out to be 0.249, then round up to 25%)* What dollar amount of the purchase price will be allocated to the Land account
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