Baker Communications purchased land, a building, and several pieces of equipment for $ 5,600,000. An appraisal of
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Baker Communications purchased land, a building, and several pieces of equipment for $ 5,600,000. An appraisal of the purchased items estimated the value of the land at $ 3,100,000, the building at $ 1,850,000, and the equipment at $ 650,500. Determine the portion of the total purchase price applicable to each asset.
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Land 3100000 55 x 5600000 3080000 Building 1850000 33 x 5600000 18...View the full answer
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Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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