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What the initial values of the building, land, and equipment

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QUESTION - Cantor Corporation acquired a manufacturing facility on four acres of land for a lump-sum price of $8,000,000. The building included used but functional equipment. According to independent appraisals, the fair values were $4,500,000, $3,000,000, and $2,500,000 for the building, land, and equipment, respectively. What the initial values of the building, land, and equipment?

Reference no: EM132940498

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