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What is the cost assigned to the equipment

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Question - Land, a building and equipment are acquired for a lump sum of $900,000. The market values of the land, building and equipment are $300,000, $600,000 and $100,000, respectively. What is the cost assigned to the equipment? (Do not round any intermediary calculations, and round your final answer to the nearest dollar.)

A. $90,000

B. $0

C. $100,000

D. $ 900,000

Reference no: EM132158238

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