Rodriguez Company pays $336,960 for real estate with land, land improvements, and a building. Land is appraised at $247,500; land Improvements are appraised at $82,500; and a building is appraised at $220,000. 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.) Appraised Value Percent of Total x Total Cost of Appraised Value Acquisition Apportioned Cost Land Land improvements Building Totals 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 $47,500. The machine's useful life is estimated at 10 years, or 405,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 34,500 units of product. Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreciation Annual Depreciation Expense Choose Numerator: Choose Denominator: Depreciation expe Year 2 Depreciation Year end book value (Year 2) 3 8 5 of 9 Next > #