Talbert Company Ltd. purchased land, buildings, and equipment for $3,000,000. The land has been appraised at $865,000, the buildings at $1,175,000, and the equipment at $510,000. The land account will be debited for:

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The total appraised value is $2,550,000 ($865,000 + $1,175,000 + $510,000). The land's proportion of the total appraised value is $865,000 / $2,550,000. Multiply this proportion by the total purchase price of $3,000,000 to find the amount to debit the land account: $865,000 / $2,550,000 * $3,000,000 = $1,017,647.