What value will be recorded for the building, Financial Accounting

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What value will be recorded for the building

Problem

Your Corporation acquired real estate that contained land, building and equipment. The property cost $550,000. An appraisal of the property reported the following values: Land, $127,500; Building, $375,000 and Equipment, $90,000. What value will be recorded for the building?

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Financial Accounting: What value will be recorded for the building

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