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    May 6, 2013, 09:26 PM
    Financial Accounting problem
    I was assigned the following problem:


    The portion of a group purchase of land and a buildup for $648,000 allocated to land, when the land is appraised at $170,000 and the building on the land is appraised at $510,000.

    I don't really know the formula to solving this problem... Can you please help... I just need to know what the formula is or how do I solve this... Thank you...

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