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rural tech support made $130,000 for agroup purchase of land, building and equiptment. At the...

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Accounting

rural tech support made $130,000 for agroup purchase of land, building and equiptment. At the time of the acquisition, the land had a market value of $70,000, the building $56,000 and the equiptment $14,000. Journalize the lumpsum purchase of three assets for a total cost of $130,000 the amount which the business signed a payable note

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