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Comptel Corporation Purchased Land,a Building and Equipment for a Total

Question 85

Multiple Choice

Comptel Corporation purchased land,a building and equipment for a total cost of $525,000.The appraised values of the land,building and equipment were $150,000,$375,000 and $75,000,respectively.The purchase price allocated to the building should be:


A) $131,250
B) $328,125
C) $375,000
D) $428,571

Correct Answer:

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