Rodriguez Company pays $400,140 for real estate with land, land improvements, and a building. Land is appraised at $216,000; land improvements are appraised at $96,000; and a building is appraised at $168,000.

• 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 Value	x Total Cost of Acquisition	= Apportioned Cost
Land
Land improvements
Building
Totals

• Record the costs of lump-sum purchase.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
1