On April 1, 2020, Renfro Corporation purchased land, a building, and some
equipment for $633,...
Business, 16.04.2020 00:07, NaVaThEBeAsT
On April 1, 2020, Renfro Corporation purchased land, a building, and some
equipment for $633,000. The following information is available concerning
the property purchased:
Current Market Value
Land 150,420
Building 366,240
Equipment ?
Before the property could be used, Renfro had to spend $25,320 to renovate
the building and $7,140 to put the equipment in working order. The cost
that was assigned to the building totaled $379,800.
Calculate the cost assigned to the equipment
Answers: 1
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