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Southwest Airlines paid $50 million for the land and buildings that are now their Dallas Headquarters facilities. If the fair market value of the land

Southwest Airlines paid $50 million for the land and buildings that are now their Dallas Headquarters facilities. If the fair market value of the land was $44 million and the fair market value of the buildings was $22 million, how should Southwest allocate the purchase price between the two items? Record this journal entry.

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