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4. The Nathan Jacob's Company paid $450.000 to acquire land, building, and equipment. At the time of the acquisition Nathan paid $15,000 to have the
4. The Nathan Jacob's Company paid $450.000 to acquire land, building, and equipment. At the time of the acquisition Nathan paid $15,000 to have the property appraised The following values were determined from the appraisal land, $125,000, building. $235,000 and equipment, $150,000 Required 1) What cost should Nathan Jacob's assign to the land, buildings, and equipment respectively? (round percentages to ole percents) 2) Provide the journal entry to record the acquisition on the books of Nathan Jacob's
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