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Rodriguez Company pays $400,140 for real estate with land, land improvements, and a building. Land is appraised at $210,000; land improvements are appraised at

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Rodriguez Company pays $400,140 for real estate with land, land improvements, and a building. Land is appraised at $210,000; land improvements are appraised at $42,000; and the building is appraised at $168,000. 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. (Round your "Apportioned Cost" answers to 2 decimal places.) Percent of Total Appraised Value xTotal Cost of Apportioned Appraised Acquisition Cost Value Land $ 210,000 40% 400,140 $ 18,063.00 ces Land improvements 42,000 10% 400,140 80,028.00 Building 168,000 50% 400,140 140,049.00 Totals $ 420,000 100% $ 238,140.00 Required Required 2 >

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