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Swifty Corporation purchased the assets of Blossom Company at an auction for $5620000. An independent appraisal of the fair value of the assets is listed
Swifty Corporation purchased the assets of Blossom Company at an auction for $5620000. An independent appraisal of the fair value of the assets is listed below: Assuming that specific identification costs are impracticable and that Swifty allocates the purchase price on the basis of the relative fair values, what amount would be allocated to the Trucks? $1710435$2810000$3080000$3372000
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