Business, 13.01.2021 17:10, shedan1794

LinkUp, Inc. paid $450,000, plus $25,000 in closing costs, to buy a parcel of land with a factory on it. The purchase also contained equipment. The land is appraised at $130,000, a building appraised at $325,000, and equipment appraised at $50,000. Compute the cost that should be allocated to the land.

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LinkUp, Inc. paid $450,000, plus $25,000 in closing costs, to buy a parcel of land with a factory on...