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What value should the building be capitalized

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Problem 1: Spuds Co. bought a manufacturing facility for $1,200,000. The facility included land valued at $700,000, a building valued at $400,000, and equipment valued at $200,000. When recording the assets, at what value should the building be capitalized?

Option 1: $184,615
Option 2: $646,154
Option 3: $369,231
Option 4: None of these.
Option 5: $400,000

Reference no: EM132936426

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