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Plnewood Company purchased two bulldings on four acres of land. The lump-sum purchase price was...

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Accounting

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Plnewood Company purchased two bulldings on four acres of land. The lump-sum purchase price was $2,400,000. According to Independent appralsals, the falr values were $1,125,000 (bullding A) and $500,000 (bullding B) for the bulldings and $875,000 for the land. Required Determine the initial valuation of the bulildings and the land. Initial Valuation Asset Land Building A Building E Total

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