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Business, 31.03.2020 04:21 leo4687

Simpson and Homer Corporation acquired an office building on three acres of land for a lump-sum price of $3,350,000. The building was completely furnished. According to independent appraisals, the fair values were $2,560,000, $3,200,000, and $640,000 for the building, land, and furniture and fixtures, respectively. The initial values of the building, land, and furniture and fixtures would be:

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