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Questor Applications pays $ 3 3 0 , 0 0 0 for a group purchase of land, building, and equipment. At the time of acquisiti
Questor Applications pays $ for a group purchase of land, building, and equipment. At the time of acquisiti the land has a current market value of $ the building's current market value is $ and the equipment's current market value is $ Prepare a schedule allocating the purchase price of $ to each of the individual assets purchased based on their relative market values, then journalize the lumpsum purchase of the three assets. The business signs a note payable for the purchase price.
Prepare a schedule allocating the purchase price of $ to each of the individual assets purchased based on their relative market values, then journalize the lumpsum purchase of the three assets. The business signs a note payable for the purchase price.
Begin by preparing a schedule allocating the purchase price of $Do not enter the sign within the input fields of the Percentage of Total Market column.
tableAssettableMarket SalesValuetablePercentage of TotalMarket ValuetableCost of EachAssetLandBuildingEquipmentTotal
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