Yell Company made a lump sum purchase of an office building, including the land and some fixture
for cash of $160,000. The tax assessments for the past year reflected the following: Land, $22,500; Building, $58,500; and Fixtures, $9,000. Complete the following entry for the acquisition:

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The Answer of Yell Company made a lump sum purchase of an office building, including the land and some fixture
for cash of $160,000. The tax assessments for the past year reflected the following: Land, $22,500; Building, $58,500; and Fixtures, $9,000. Complete the following entry for the acquisition:

Yell Company Made a Lump Sum Purchase of an Office