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Need Help Please!!! Check my work 2 Rodriguez Company pays $410,670 for real estate with land, land improvements, and a building. Land is appraised at
Need Help Please!!!
Check my work 2 Rodriguez Company pays $410,670 for real estate with land, land improvements, and a building. Land is appraised at $216,000; land improvements are appraised at $54,000, and the building is appraised at $270,000. 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase 66 pints etlook Complete this question by entering your answers in the tabs below. HI Required 1 Required 2 Derences Allocate the total cost among the three assets. (Round your Apportioned Cost answers to 2 decimal places) Appraised Value Percent of Total Appraised Value Total cost of Acquisition - Apportioned Cost Land Land improvements Building Totals Step by Step Solution
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