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Posted: June 15th, 2022
maplewood Properties bought three lots in a subdivision for a lump-sum price
maplewood Properties bought three lots in a subdivision for a lump-sum price. An unbiased appraiser valued the lots as follows: Lot Appraised Worth 1 $72,000 384,000 24,000 Maplewood paid $265,000 in money. Report the acquisition in the journal, figuring out every lot’s value in a separate Land account. Spherical decimals to 2 locations, and use the computed percentages all through
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