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Red Rock Bakery purchases land, building, and equipment for a single purchase price of $260, 000. However, the estimated fair values of the land, building,
Red Rock Bakery purchases land, building, and equipment for a single purchase price of $260, 000. However, the estimated fair values of the land, building, and equipment are $126, 000, S198, 000, and $36, 000, respectively, for a total estimated fair value of $360, 000. Determine the amounts Red Rock should record in the separate accounts for the land, the building, and the equipment
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