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Business, 11.02.2021 22:00 kdfawesome5582

Testbank Multiple Choice Question 97 Crane Company purchased the assets of Blossom Company at an auction for $5000000. An independent appraisal of the fair value of the assets is listed below: Land $1750000 Building 2750000 Equipment 2000000 Trucks 3000000 Assuming that specific identification costs are impracticable and that Crane allocates the purchase price on the basis of the relative fair values, what amount would be allocated to the Trucks

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