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Riverboat Adventures pays $210,000 plus $8,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $32,500, a building
Riverboat Adventures pays $210,000 plus $8,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $32,500, a building appraised at $105,000, and paddleboats appraised at $112,500. Compute the cost that should be allocated to the building.
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