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Exercise 10-3 Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $389610 for real estate with land, land improvements, and a building. Land is

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Exercise 10-3 Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $389610 for real estate with land, land improvements, and a building. Land is appraised at $255.000; tand improvements are appraised at $76,500; and a building is appraised at $178.500 Required: 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 Required 2 Allocate the total cost among the three muts (round your "oportioned Cost answers to 2 decimal places) Appraised Value Percent of Total Appraised Value x Total Cost of Aoquisition -Apportioned Cost land and provamonts Building Totals Required 2 >

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