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QUESTION 3 {15 MARKS] Lump Sum Purchase of Plant Assets With the end of Lockdown due to Covid'l 9, Facebook buys $395,330 for real estate

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QUESTION 3 {15 MARKS] Lump Sum Purchase of Plant Assets With the end of Lockdown due to Covid'l 9, Facebook buys $395,330 for real estate with land, land improvements, and a building. Their goal is to get everyone back to the ofce. The land is appraised at $15?,040; land improvements are appraised at $58,890; and the building is appraised at $176,570 1. Determine the total cost among the three assets. 2. Prepare the journal entry to record the purchase

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