Branch co. paid 150000 for a purchase that included land, Ask an Expert

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Branch Co. paid $150,000 for a purchase that included land, building, and office furniture. An appraiser provided the following estimates of the market values of the assets if they had been purchased separately: Land $20,000, Building $150,000 and Office Furniture, $30,000. Based on this information the cost that what would be allocated to the land ?

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Accounting Basics, Accounting

Category:- Accounting Basics
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