5. Heidel Co. paid $750,000 cash to buy the plant assets of Rogers...
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5. Heidel Co. paid $750,000 cash to buy the plant assets of Rogers Co. that went out of business. An independent appraiser assigned the following values to the assets acquired: Land $200,000... Building S325,000..Equipment $20,000. Use the appraisal date to allocate the Purchase Price into the accounts (Land, Building and Equipment)
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