Question 5 of 5 -// Skysong inc, purchased land, a building, and equipment from Sparnela Corporation for

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Question 5 of 5 -//

Skysong inc, purchased land, a building, and equipment from Sparnela Corporation for a cash payment of $415,800. The assets' estimated fair values are land $96,000, building $248,000, and equipment $118,000.

At what amounts should each of the three assets be recorded? (Do not round intermediate calculations. Round final answers to 0 decimal places, eg. 5,275.)

Land $

Building $

Equipment $

Posted Date: May 18, 2024 11:03 AM

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Question 5 of 5 -// Skysong inc, purchased land, a building, and equipment from Sparnela Corporation for

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