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Home Q & A Board Other Fields Homework Help Business Accounting
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harra harra
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6 years ago
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   ________________
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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KryzenKryzen
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6 years ago
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harra Author
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#2
6 years ago
Great answer
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