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Riverboat Adventures pays $220,000 plus $10,000 in closing costs to purchase real estate. The real estate consists of land appraised at $40,500, a building appraised
Riverboat Adventures pays $220,000 plus $10,000 in closing costs to purchase real estate. 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 $61,992 $143,008 O O O $94,300 $110,700 O
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