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Soto, Inc. purchased land, building, and equipment...

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Soto, Inc. purchased land, building, and equipment from Henry Corporation for a cash payment of $346,500. The estimated fair values of the assets are land $66,000, building $242,000, and equipment $88,000. Required At what amounts should each of the three assets be recorded?,thank you,In the allocation, why divided by 396??

 

Paper#7888 | Written in 18-Jul-2015

Price : $25
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