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At what amount would the company record the building

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Question - A company acquired an office building on three acres of land for a lump-sum price of $2,700,000. The building was completely equipped. According to independent appraisals, the fair values were $760,000, $1,140,000, and $1,900,000 for the building, land, and equipment, respectively. At what amount would the company record the building?

Reference no: EM132608506

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