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Other Fields Homework Help Accounting Topic started by: harra on Sep 20, 2017



Title: Large Construction Ltd. bought land, a building, and equipment for a lump-sum of $1,800,000. ...
Post by: harra on Sep 20, 2017
Large Construction Ltd. bought land, a building, and equipment for a lump-sum of $1,800,000. Following are the appraised fair market values of the newly acquired assets:

Land    $600,000
Building   900,000
Equipment    400,000

Determine the cost of each asset. Round to the nearest dollar if necessary.

Land    ________________
Building   ________________
Equipment   ________________


Title: Re: Large Construction Ltd. bought land, a building, and equipment for a lump-sum of $1,800,000. ...
Post by: Kryzen on Sep 20, 2017
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Title: Re: Large Construction Ltd. bought land, a building, and equipment for a lump-sum of $1,800,000. ...
Post by: harra on Dec 31, 2017
Great answer