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Your Corporation acquired real estate that contained land, building and equipment. The property cost $925,000. An appraisal of the property reported the following values: Land,
Your Corporation acquired real estate that contained land, building and equipment. The property cost $925,000. An appraisal of the property reported the following values: Land, $185,000; Building, $525,000 and Equipment, $250,000. What value will be recorded for the building? (Round to nearest dollar if you need to.) This is the one we did not get to in class. Check the handout solution worksheet (not the in class version). All the math is there
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