Business, 22.03.2021 20:00 korleone8071

On 4/1, Renfro Corporation purchased for $765,000 a tract of land on which was located a warehouse and an office building. The following appraised values were collected concerning the property: Land, $300,000, Warehouse $200,000, Office building $400,000. What are the amounts that Renfro should record for the land, warehouse, and office building, respectively?

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On 4/1, Renfro Corporation purchased for $765,000 a tract of land on which was located a warehouse a...

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