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Company assign to the land and to the building

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Utica Corporation paid $360,000 to purchase land and a building. An appraisal showed that the land is worth $100,000 and the building is worth $300,000. What cost should the company assign to the land and to the building, respectively? 

Reference no: EM13872665

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Company assign to the land and to the building : Utica Corporation paid $360,000 to purchase land and a building.
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