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Riverboat Adventures pays $390,000 plus $11,000 in closing costs to buy out a competitor. ...

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Accounting

Riverboat Adventures pays $390,000 plus $11,000 in closing costs to buy out a competitor.

The real estate consists of land appraised at $64,500, a building appraised at $137,600, and paddleboats appraised at $227,900.

Compute the cost that should be allocated to the building.

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