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Rodriguez Company pays $352,755 for real estate with land, land improvements, and a building. Land is appraised at $198.000: land Improvements are appraised at $44.000,
Rodriguez Company pays $352,755 for real estate with land, land improvements, and a building. Land is appraised at $198.000: land Improvements are appraised at $44.000, and a building is appraised at $198.000 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! Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places) Appraised Value Percent of Total Appraised * Total Cost of Acquisition Apportioned C ost Land Land improvements Building Totals Required 2 >
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