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Rodriguez Company pays $331,695 for real estate with land, land improvements, and a building. Land is appraised at $198,000; lan improvements are appraised at $66,000;

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Rodriguez Company pays $331,695 for real estate with land, land improvements, and a building. Land is appraised at $198,000; lan improvements are appraised at $66,000; and the building is appraised at $176,000. 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Allocate the total cost among the three assets. Note: Round your "Apportioned Cost" answers to 2 decimal places. 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 $86,200. The machine's useful life is estimated at 10 years, or 396,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 33,600 units of product. Determine the machine's second-year depreciation and year end book value under the straight-line method. Required information [The following information applies to the questions displayed below.] On April 1, Cyclone Company purchases a trencher for $300,000. The machine is expected to last five years and have a salvage value of $50,000. Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the straight-line method

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