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Timberly construction makes a lump sum purchase of several assets on January 1 at a total cash price of $ 8 3 0 , 0

Timberly construction makes a lump sum purchase of several assets on January 1 at a total cash price of $830,000 the estimated market values of the purchase assets are buildings $451,200 land 244,400 land improvement $75,200 and four vehicles $169,200
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