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Show how this transaction would appear in the assets section

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Reference no: EM133140425

Question - William Garnett is purchasing the assets of the Delta Company for $310,000. The appraised value of the assets is land at $60,000, building $200,000 and equipment at $40,000. Show how this transaction would appear in the assets section of a classified balance sheet.

Reference no: EM133140425

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