Question: Please provide problem with accounting question Blue Mountain Tours pays $500,000 plus $12,000 in closing costs to acquire a competitor. The real estate consists of

Please provide problem with accounting question

Blue Mountain Tours pays $500,000 plus $12,000 in closing costs to acquire a competitor. The real estate consists of land appraised at $60,000, a building appraised at $180,000, and equipment appraised at $260,000. Compute the cost that should be allocated to the building

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