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Rodriguez Company pays $347,490 for real estate with land, land improvements, and a building. Land is appraised at $184,000; land improvements are appraised at $69,000;
Rodriguez Company pays $347,490 for real estate with land, land improvements, and a building. Land is appraised at $184,000; land improvements are appraised at $69,000; and the building is appraised at $207,000. Rodriguez Company pays $347,490 for real estate with land, land improvements improvements are appraised at $69,000; and the building is appraised at $207 
Exercise 8-3 (Algo) Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $347,490 for real estate with land, land improvements, and a bullding. Land is appraised at $184,000 : land improvements are appreised at $69,000, and the building is appraised at $207,000. 1. Aliocate 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. Allocate the total cost among the three assets. Note: flound your "Apportioned Cost" arawers to 2 decimal places. 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. Allocate the total cost among the three assets. Note: Round your "Apportioned Cost" answers to 2 decimal places. Journal entry worksheet 1. Allocate the total cost among the three assets.
2. Prepare the journal entry to record the purchase.
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Financial Accounting For Decision Makers
Authors: Peter Atrill
8th Edition
1292099046, 978-1292099040
