Question: DE 10-5 Return to the Work It Out feature on page 391. Suppose at the time of your acquisition, the land has a current market

DE 10-5 Return to the Work It Out feature on page 391. Suppose at the time of your acquisition, the land has a current market value of $80.000, the building's market value is $60.000, and the equipment's market value is $20.000. Journalize the lump-sum purchase of the three assets for a total cost of $100.000. You sign a note payable for this amount.

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