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View Policies Current Attempt in Progress Pearl Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $ 409,500. The estimated

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View Policies Current Attempt in Progress Pearl Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $ 409,500. The estimated fair values of the assets are land $ 78,000, building $ 286,000, and equipment $ 104,000. At what amounts should each of the three assets be recorded? (Round intermediate percentage calculations to 5 decimal places eg. 18.25124 and final answers to decimal places, eg. 5,275.) Recorded Amount Land $ Building $ Equipment $ e Textbook and Media Save for Later Attempts: 0 of 4 used Submit Answer ED 100% 100% C @ 79F Partly cloudy 99

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