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Business, 23.04.2021 15:40 allieallie

Vaughn Manufacturing purchased the assets of Ivanhoe Company at an auction for $5560000. An independent appraisal of the fair value of the assets is listed below: Land $1880000 Building 2820000 Equipment 2200000 Trucks 3230000 Assuming that specific identification costs are impracticable and that Vaughn allocates the purchase price on the basis of the relative fair values, what amount would be allocated to the Trucks

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Vaughn Manufacturing purchased the assets of Ivanhoe Company at an auction for $5560000. An independ...

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