Chris Deli purchased property with a building and parking lot for $1,700,000. An appraiser valued the components

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Chris Deli purchased property with a building and parking lot for $1,700,000. An appraiser valued the components of the property if purchased separately as follows:

Land …………………………………… $ 600,000

Land improvements …………………… 300,000

Building ……………………………….. 900,000

Total …………………………………… $1,800,000

Determine the cost to be assigned to each component.

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Financial Accounting

ISBN: 978-0538476010

11th edition

Authors: Belverd E. Needles, Marian Powers

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Question Posted: Sep 10, 2014 11:40 AM

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Chris Deli purchased property with a building and parking lot for $1,700,000. An appraiser valued the components

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Financial Accounting

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