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Wilmington Company purchased land and a warehouse for $ 7 3 0 , 0 0 0 . An appraisal showed the estimated values to be

Wilmington Company purchased land and a warehouse for $

730, 000 .

An appraisal showed the estimated values to be $

320, 000

for the land and $

665, 000

for the warehouse. What amounts should be recorded in the accounting records for the land and for the warehouse?

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