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Darrin Brown Bought a Pub

Question 140

Multiple Choice

Darrin Brown bought a pub.The purchase price was $695,000.An appraiser provided the following appraisal values: land,$320,000;building,$370,000;and equipment,$60,000.What cost should be allocated to the building?


A) $370,000
B) $695,000
C) $342,867
D) $399,281

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