Question: Peterson purchased land having a current market value of 95 000

Peterson purchased land having a current market value of $95,000, a building with a market value of $76,000, and equipment with a market value of $19,000. Journalize the lump-sum purchase of the three assets purchased for a total cost of $150,000 in exchange for a note payable.


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  • CreatedApril 29, 2014
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