Utica Corporation paid $360,000 to purchase land and a building. An appraisal showed that the land is worth $100,000 and the building is worth $300,000. What cost should Utica assign to the land and to the building, respectively?
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Fundamentals of Financial Management (MindTap Course List)
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Cornerstones of Cost Management (Cornerstones Series)
Purchasing and Supply Chain Management
Economics For Today
Microeconomics
Practical Management Science
Macroeconomics
Economics (MindTap Course List)
Cornerstones of Financial Accounting
Managerial Accounting
Microeconomics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
MACROECONOMICS FOR TODAY
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