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Riverboat Adventures pays $220,000 plus $10,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $40,500, a building
Riverboat Adventures pays $220,000 plus $10,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $40,500, a building appraised at $110,700, and paddleboats appraised at $118,800. Compute the cost that should be allocated to the building. Multiple Choice $94,300 $90,200 $110,700 $143.008 O $94,300 O $90,200. $110.700. $143.008. $61,992
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