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Rodriguez Company pays $373,815 for real estate with land, land improvements, and a building. Land is appraised at $240,000; and Improvements are appraised at $96,000;
Rodriguez Company pays $373,815 for real estate with land, land improvements, and a building. Land is appraised at $240,000; and Improvements are appraised at $96,000; and a building is appraised at $144,000 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 Appraised * Total Cost of Acquisition - Apportioned Cost Value Land Land improvements Buiding Totals Required 2 >
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