Diego Company paid $$180,000$ cash to acquire a group of items consisting of land appraised at $$50,000$ and a building appraised at $$150,000.$ Allocate total cost to these two assets and prepare an entry to record the purchase.

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Total Cost

$\backslash$table$[[$General$],[$Joumal$]]$

Allocate total cost to these two assets.

$\backslash$table$[[,$Percent of Total,Apportioned Cost$],[$Land$,,S=45,000$