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Retro Corporation purchased land, a building and equipment together for 5000.000. The estimated to values of the individual assets are as follow Asset Land Building
Retro Corporation purchased land, a building and equipment together for 5000.000. The estimated to values of the individual assets are as follow Asset Land Building Equipment Total Estimated Fair Value $ 100 000 $ 700.000 $ 200 000 $ 1,000,000 At what amount would the company record the land? Multiple Choice $80,000 $100,000 $800,000
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