Franklin Plumbing purchases land and building for a combined price of $ 525,000. The assessor valued this

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Franklin Plumbing purchases land and building for a combined price of $ 525,000. The assessor valued this property for tax purposes at $ 410,000: $ 195,000 for the land and $ 215,000 for the building. Record the journal entry for the purchase.

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College Accounting

ISBN: 978-1111528126

11th edition

Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille

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Question Posted: Oct 21, 2014 02:38 AM

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Franklin Plumbing purchases land and building for a combined price of $ 525,000. The assessor valued this

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