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Business, 01.12.2021 02:50 lil3114

Mohave Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $315,000. The estimated fair values of the assets are land $60,000, building $220,000, and equipment $80,000. At what amounts should each of the three assets be recorded

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Mohave Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $3...
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