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Business, 26.03.2020 19:42 ShugarLove4363

Green Enterprises buys a warehouse for $600,000 to use for its East Coast distribution operations. On the date of the purchase, a professional appraisal shows a value of $620,000 for the warehouse. The seller had originally purchased the building for$480,000. Green has a similar warehouse on the West Coast that has a book value of $612,000. Under the historical cost principle, Green should record the building for

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