On May 72014 Shane Corporation purchased for $450000 a tractof la

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On May 72014 Shane Corporation purchased for $450000 a tractof land on which was located a warehouse and an office buildingThe following data were collected concerning the property Current

On May 7, 2014, Shane Corporation purchased for $450,000 a tractof land on which was located a warehouse and an office building.The following data were collected concerning the property:

	Current	Vendor's
	Assessed	Original
	Valuation	Cost
Land	$100,000	$ 70,000
Warehouse	80,000	80,000
Office building	220,000	150,000
	$400,000	$300,000

What are the appropriate amounts that Shane should record for theland, warehouse, and office building, respectively?

mahesh 24-Mar-2020

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On May 72014 Shane Corporation purchased for $450000 a tractof land on which was located a warehouse and an office buildingThe following data were collected concerning the property Current

On May 72014 Shane Corporation purchased for $450000 a tractof land on which was located a warehouse and an office buildingThe following data were collected concerning the property Current

Answer (UnSolved)

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