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Rodriquez Company paid $375,000 for a basket purchase that included office furniture, a building and land. An appraiser provided the following estimates of the market
Rodriquez Company paid $375,000 for a basket purchase that included office furniture, a building and land. An appraiser provided the following estimates of the market values of the assets if they had been purchased separately: Office furniture, $75,000; Building, $320,000; Land, $36,000. Based on this information the amount of cost that would be allocated to the office furniture is
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