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What value will be recorded for the building

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Question - Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $2,185,000. Harding paid $630,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $797,040; Building, $1,848,960 and Equipment, $778,000. What value will be recorded for the building?

Reference no: EM133129929

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