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Red Company paid $950,000 for a building, land, and office furniture. An appraiser provided the following estimates for the market values of each asset if

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Red Company paid $950,000 for a building, land, and office furniture. An appraiser provided the following estimates for the market values of each asset if purchased separately: Office Furniture, $190,000; Building, $740,000; and Land, $132,000. Based on this information, what is the cost that should be allocated to the office furniture? [round the allocation percentage to decimal places)

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