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023.59 Rodriguez Company pays $405,405 for real estate with land, land improvements, and a building. Land is appraised at $225,000; land improvements are appraised
023.59 Rodriguez Company pays $405,405 for real estate with land, land improvements, and a building. Land is appraised at $225,000; land improvements are appraised at $100,000; and the building is appraised at $175,000. 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Appraised Value Percent of Total Appraised Value Total Cost of Acquisition Apportioned Cost Land $ 182,432 Land improvements 81,081 Building 141,892 Totals $ 405,405 0% 0.00 Requir Required 2 >
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