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Windsor Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $365,400. The estimated fair values of the assets are land
Windsor Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $365,400. The estimated fair values of the assets are land $69,600, building $255,200, and equipment $92,800. At what amounts should each of the three assets be recorded? (Do not round intermediate calculations and round final answers to O decimal places e.g. 58,971.) Land Building tA $ $ Equipment $ Recorded Amount
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