Question 3 : Exercise 10-3 (Algo)

Check my Exercise 10-3 (Algo) Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $405 405 for real estate with land, and improvements, and a building. Land is appraised at $243,000 land improvements are appraised at $108,000, and the building is appraised at $189.000 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 tobs below. Required: Required 2 Allocate the total cost among the three assets (Round your apportioned Coot" answers to 2 decimal places) Total Cost of Acquisition - Apportioned Cost Appraised Percent of Total Value Appraised Value 5 243.000 108.000 Land Land improvements ork - Long Term Assets. Saved Help Complete this question by entering your answers in the tabs below. Required 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Appraised Value Percent of Total * Total Cost of Appraised Acquisition Value - Apportioned Cost Land Land improvements Building Totals 243,000 108,000 189.000 540,000 $ 0% $ 0.00 Required 2 > Return to question Hodnguez company pays $405,405 for real estate with lana, sang improvements, and a bunching Land is appraised at $245,000, lana improvements are appraised at $108,000; and the building is appraised at $189,000 1. Allocate the total cost among the three assets 2. Prepare the journal entry to record the purchase. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) No Transaction General Journal Debit Credit 1 Land Land improvements Building Blo