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The Warthog Company Purchased Land,buildings,and Equipment for $2,400,000

Question 18

Multiple Choice

The Warthog Company purchased land,buildings,and equipment for $2,400,000.The land has been appraised at $865,000,the buildings at $1,175,000,and the equipment at $510,000.The equipment account will be debited for:


A) $525,000
B) $500,000
C) $480,000
D) $410,156

Correct Answer:

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