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Hastings Company Has Purchased a Group of Assets for $15,000

Question 123

Multiple Choice

Hastings Company has purchased a group of assets for $15,000. The assets and their relative market values are listed below. Hastings Company has purchased a group of assets for $15,000. The assets and their relative market values are listed below. Which of the following amounts would be debited to the Land account? A) $1,962 B) $5,571 C) $1,714 D) $7,714 Which of the following amounts would be debited to the Land account?


A) $1,962
B) $5,571
C) $1,714
D) $7,714

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