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Exercise 10-3 Lump-sum purchase of plant assets ci Rodriguez Company pays $395.380 for real estate with land, land improvements, and a building, Land is appraised

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Exercise 10-3 Lump-sum purchase of plant assets ci Rodriguez Company pays $395.380 for real estate with land, land improvements, and a building, Land is appraised at $157,040; land improvements are appraised at $58,890; and the building is appraised at $176,670. Allocate the total cost among the three assets and prepare the journal entry to record the purchase

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