For 5550000 bale inc purchased another companys land

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For $5,550,000, Bale, Inc., purchased another company's land, building, and equipment. Independent appraisals indicate the values of these assets as follows: land, $600,000; building, $3,600,000; and equipment, $1,800,000. How much should be recorded as the acquisition cost of each asset?

Reference no: EM13595582

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