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Tango Company Purchased Land and a Building for $350,000

Question 12

Multiple Choice

Tango Company purchased land and a building for $350,000.If the assets had been purchased separately,the company would have paid $170,000 for the land and $210,000 for the building.What amount should be recorded for the LAND?


A) $156,579
B) $169,405
C) $170,000
D) $187,321

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