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Compute the cost that should be allocated to the building

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Question - Riverboat Adventures pays $470,000 plus $18,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $50,000, a building appraised at $170,000, and paddleboats appraised at $280,000. Compute the cost that should be allocated to the building.

$170,000.

$165,920.

$261,120.

$74,800.

$159,800.

Reference no: EM131611530

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