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Business, 18.05.2021 19:20 lily0806

Terps Company purchased a plant, including land, building, and machinery, for $110,000. These items were carried on the books of the seller as follows: land, $30,000; building, $80,000, and machinery, $40,000. Immediately after the purchase, the assets were appraised at the following values: land, $24,000; building, $30,000, and machinery, $66,000. What cost should the company record for the land, building and machinery

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Terps Company purchased a plant, including land, building, and machinery, for $110,000. These items...
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