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Rodriguez Company pays $384,345 for real estate with land, land improvements, and a building. Land is appraised at $225,000; land improvements are appraised at $75,000;
Rodriguez Company pays $384,345 for real estate with land, land improvements, and a building. Land is appraised at $225,000; land improvements are appraised at $75,000; and the building is appraised at $200,000. 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. Note: Round your "Apportioned Cost" answers to 2 decimal places. Land Land improvements Building Totals Appraised Value $ 0 Percent of Total Appraised Value 0% x Total Cost of Acquisition
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The Safety Audit Designing Effective Strategies
Authors: Roger Saunders
1st Edition
0273034480, 978-0273034483
