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    lorischmidt's Avatar
    lorischmidt Posts: 3, Reputation: 1
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    #1

    Nov 4, 2012, 09:36 PM
    Lump-sum Purchase of Assets
    sue bought land, a building and equipment for a lump sum of $780,000. The appraised market values are as follows: land $450,000, building $400,000, and equipment $150,000. What is the cost of each asset?
    Haleigh012235's Avatar
    Haleigh012235 Posts: 3, Reputation: 1
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    #2

    Nov 5, 2012, 01:18 AM
    My Brain...
    lorischmidt's Avatar
    lorischmidt Posts: 3, Reputation: 1
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    #3

    Nov 6, 2012, 03:21 PM
    Quote Originally Posted by Haleigh012235 View Post
    My Brain...
    If you aren't going to help, then don't bother responding. I asked for help because I do not understand this stuff and would like to be successful in my class. I do not know where to start with this and would like some real help
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