Scarecrow co purchased land and a building for 1500000 the, Ask an Expert

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Scarecrow Co. purchased land and a building for 1,500,000. The appraised value of the land is 650,000 and the appraised value of the building is 975,000. The amount that will be debited to the Building account on Scarecrow's books is:

Correct answer: 900,000
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Accounting Basics, Accounting

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