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How will brielle allocate the cost of this property

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Question - Brielle Phan, Attorney at Law purchased an office building with the accompanying land for $1,300,000. The latest tax assessment records value this property as follows: Land at $414,642 and Building at $572,026. How will Brielle allocate the cost of this property on the books of her law firm?

Reference no: EM133164761

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