B C F G H J L M N R S T U W z 44 5 6 Purchase price 7 Cash paid 8 Closing costs 9 10 Instructions: $552,443 $75,000 $29,400 Appraisal amounts: Land Land improvements Building $249,585 $83,228 $261,360 (a) Using the green boxes below, calculate the cost that should be allocated to each asset purchased. (b) Record the purchase of the real estate. 11 12 PPE Asset Appraised Values Ratio of Individual Appraised Value to Total Appraised Value Cost Allocation 13 Land $249,585 42% 14 Land Imprv. $83,228 14% 15 Building $261,360 44% 16 Totals $594,173 17 18 19 20 Date Account Titles Debit Credit 21 22 23 24 25 26 27 Instructions Q1 Cost allocation Q2 Payroll + 64% 2 BI Type here to search . W prime video ENG 10:02 AM 2021-04-19 (99+ 17 B C F G H J L M N R S T U W z 44 5 6 Purchase price 7 Cash paid 8 Closing costs 9 10 Instructions: $552,443 $75,000 $29,400 Appraisal amounts: Land Land improvements Building $249,585 $83,228 $261,360 (a) Using the green boxes below, calculate the cost that should be allocated to each asset purchased. (b) Record the purchase of the real estate. 11 12 PPE Asset Appraised Values Ratio of Individual Appraised Value to Total Appraised Value Cost Allocation 13 Land $249,585 42% 14 Land Imprv. $83,228 14% 15 Building $261,360 44% 16 Totals $594,173 17 18 19 20 Date Account Titles Debit Credit 21 22 23 24 25 26 27 Instructions Q1 Cost allocation Q2 Payroll + 64% 2 BI Type here to search . W prime video ENG 10:02 AM 2021-04-19 (99+ 17