INTERMEDIATE ACCT.-WILEYPLUS ACCESS
INTERMEDIATE ACCT.-WILEYPLUS ACCESS
17th Edition
ISBN: 9781119595366
Author: Kieso
Publisher: WILEY
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Regal Properties (RP) just acquired land and a building for a single sum of $500,000. An independent appraisal determined the fair values of the assets (if purchased separately) at $350,000 for the land and $250,000 for the building. Prepare the journal entry in table format to record the purchase of the land and building.
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