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Tonto Company purchased property for $130,000. The property included a building, equipment and land. The building was appraised at $74,000, the land at $51,000, and
Tonto Company purchased property for $130,000. The property included a building, equipment and land. The building was appraised at $74,000, the land at $51,000, and the equipment at $24,000. What is the amount of cost to be allocated to the building in the accounting records? (Round your intermediate calculations to 3 decimal places.)
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