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Business, 01.08.2019 04:20, deanlmartin
Simpson and homer corporation acquired an office building on three acres of land for a lump-sum price of $2,400,000. the building was completely furnished. according to independent appraisals, the fair values were $1,300,000, $780,000, and $520,000 for the building, land, and furniture and fixtures, respectively. the initial values of the building, land, and furniture and fixtures in the general ledger would be:
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