A company acquired an office building on three acres of land for a lump-sum price...
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A company acquired an office building on three acres of land for a lump-sum price of $3,400,000. The building was completely equipped. According to independent appralsals, the fair values were $2,640,000,$1,980,000, and $1,980,000 for the building, land, and equipment, respectively. At what amount would the company record the building? Multiple Choice $1,920,000 $2,660,000 $1,360,000 None of the other answer choices are correct
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