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option B option C Option A Option D TB MC Qu. 10-88 (Algo)...

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Accounting

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option B
option C
Option A
Option D
TB MC Qu. 10-88 (Algo) Simpson and Homer Corporation acquired an... Simpson and Homer Corporation acquired an office building on three acres of land for a lump-sum price of $2,500,000. The building was completely furnished. According to independent appraisals, the fair values were $900,000,$1,500,000, and $600,000 for the building, land, and furniture and fixtures, respectively. The initial values of the building, land, and furniture and fixtures would be: Multiple Choice Option B Ootion C

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