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At what amount would the company record the land

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Question - A company purchased land, a building, and equipment for one price of $1,250,000. The estimated fair values of the land, building, and equipment are $156,250, $1,093,750, and $312,500, respectively. At what amount would the company record the land?

a. $1,250,000

b. $135,000

c. $125,000

d. $156,250

Reference no: EM132559990

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