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A company acquired an office building on three acres of land for a lump-sum price...

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Accounting

A company acquired an office building on three acres of land for a lump-sum price of $2,450,000. The building was completely equipped. According to independent appraisals, the fair values were $840,000, $840,000, and $1,120,000 for the building, land, and equipment, respectively. At what amount would the company record the building?

$780,000

$860,000

$735,000

None of the other answer choices are correct.

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