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Short Problem - 6 Points (NO CREDIT allowed without showing computations.) A company paid $770,000 plus $5,000 in closing costs for property that included land
Short Problem - 6 Points (NO CREDIT allowed without showing computations.) A company paid $770,000 plus $5,000 in closing costs for property that included land appraised at $384,000, land improvements appraised at $128,000, and a building appraised at $288,000. The plan is to use the building as a manufacturing plant. Determine the amounts that should be included as: Land $ Land Improvements $ Building $
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