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Required information (The following information applies to the questions displayed below.) Harding Corporation acquired real estate that contained land, building and equipment. The property cost

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Required information (The following information applies to the questions displayed below.) Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,140,000. Harding paid $245,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $259,000; Building, $770,000 and Equipment, $511,000. (Round percentages to two decimal places: le .054 = 5%). What value will be recorded for the building? Multiple Choice $122,500 $370,000 O $570,000 O $770,000 O

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