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Rizio Co purchases a machine for $10,700, terms 1/10. n/60, FOB shipping point. Rizio paid within the discount period and took the $107 discount. Transportation

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Rizio Co purchases a machine for $10,700, terms 1/10. n/60, FOB shipping point. Rizio paid within the discount period and took the $107 discount. Transportation costs of $242 were paid by Rizio. The machine required mounting and power connections costing $740 Another $349 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $260 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine Amount included in Cost of Equipment: Invoice price of machine Net purchase price Total cost to be recorded Rodriguez Company pays $394875 for real estate with land, land improvements, and a building Land is appraised at $196,000, land Improvements are appraised at $49,000, and a building is appraised at $245,000 Required: 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 tabs below. Required 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Percent of Total Appraised x Total Cost of - Apportioned Value Appraised Value Acquisition Cost Busing Tous Required 2 > Required information The following information applies to the questions displayed below) Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $45,300. The machine's useful life is estimated at 10 years, or 403,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 34,300 units of product Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense Depreciation expense Year 2 Depreciation Year end book value (Year 2)

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