Exercise 8-3 Lump-sum purchase of plant assets LO C1

Rodriguez Company pays $300,000 for real estate plus $15,900 in closing costs. The real estate consists of $240,000; land improvements appraised at $72,000, and a building appraised at $168.000. land at 1. Allocate the total cost among the three purchased assets 2 Prepare the journal entry to record the purchase. Allocate the total cost among the three purchased a (Round your "Ap Percent of TotalTotal Cost of-Apportioned Acquisition Value 0.00 0% 4 of 18 Next >