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The company purchased for 1035000 a tract of land on which

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The company purchased for $1,035,000 a tract of land on which a warehouse and office building were located. Based on the following data, what are the appropriate amounts to record for the land and two buildings.

  1. Land 338,250 270,000
  2. Warehouse438,000 472,500
  3. Office Building 273,000 193,500

 

Reference no: EM13570313

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