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Riverboat Adventures pays $370,000 plus $12,000 in closing costs to buy out a competitor. The...

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Accounting

Riverboat Adventures pays $370,000 plus $12,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $72,000, a building appraised at $128,000, and paddleboats appraised at $200,000. Compute the cost that should be allocated to the building.

$118,400.

$122,240.

$128,000.

$186,240.

$64,000.

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