Solution-Estimate what value should be allocated to the

Estimate what value should be allocated to the building

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Reference no: EM132689475

Bowie Company made a lump sum purchase of land, building, and equipment. The following were the appraised values of each element:

PP&E Element             Amount
Land                           $10,000
Building                       35,000
Equipment                  50,000

Problem 1: Bowie paid $65,000 cash for the lump sum purchase. What value should be allocated to the building? (Enter only whole dollar values.)

Reference no: EM132689475

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Estimate what value should be allocated to the building

Reference no: EM132689475

Reference no: EM132689475

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