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Riverboat Adventures pays $310,000 plus $15,000 in closing costs to purchase real estate. The real estate consists of land appraised at $35,000 , a building

Riverboat Adventures pays

$310,000

plus

$15,000

in closing costs to purchase real estate. The real estate consists of land appraised at

$35,000

, a building appraised at

$105,000

, and paddleboats appraised at

$210,000

. Compute the cost that should be allocated to the land.

image text in transcribed

Riverboat Adventures pays $310,000 plus $15,000 in closing costs to purchase real estate. The real estate consists of land appraised at $35,000, a building appraised at $105,000, and paddleboats appraised at $210,000. Compute the cost that should be allocated to the land

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