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Williams Inc. purchases land and a building for $ 410,000 . An independent appraisal indicates that the land has a value of $ 45,000 and

Williams Inc. purchases land and a building for $ 410,000 . An independent appraisal indicates that the land has a value of $ 45,000 and the building has a value of 405,000 D amount Williams should capitalize for ( 1 ) land and ( 2 ) building related to the purchase.

1. Total amount to capitalize for land:

2. Total amount to capitalize for building:

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