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On April 1 2 , 2 0 2 3 , Prism Ltd . , a camera lens manufacturer, paid cash of $ 5 6 4
On April Prism Ltd a camera lens manufacturer, paid cash of $ for real estate plus $ cash in closing costs. The real estate included land appraised at $; land improvements appraised at $; and a building appraised at $
abc
PPE Asset Appraised
Values Ratio of Individual Appraised Value to
Total Appraised Value
a: Total Appraised Value Cost Allocation
btimes Total Actual Cost
Present the journal entry to record the purchase. Do not round intermediate calculations. Round the final answers to the nearest whole dollar.
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