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Your Corporation acquired real estate that contained land, building and equipment. The property cost $1,010,000. An appraisal of the property reported the following values: Land,

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Your Corporation acquired real estate that contained land, building and equipment. The property cost $1,010,000. An appraisal of the property reported the following values: Land, $185,000; Building, $525,000 and Equipment, $350,000. What value will be recorded for the building? O $500,236 $525,000 O $484,800 $475,236 $515,236

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