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Rodriguez Company pays $365,000 for real estate plus $19,345 in closing costs. The real estate consists of land appraised at $234,000: land improvements appraised at
Rodriguez Company pays $365,000 for real estate plus $19,345 in closing costs. The real estate consists of land appraised at $234,000: land improvements appraised at $104.000: and a building appraised at $182.000. Requlred 1. Allocate the total cost among the three purchased assets. 2. Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required 1Required 2 Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Appraised Value Percent of Totalx Total Cost of Apals Acquisition Appraised Value Apportioned Cost Land Land improvements Building Totals 096 0.00 Required 2 >
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