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Rodriguez Company pays$395,380 for real estate with land, land improvements, and a building. Land is appraised at $157,040; land improvements are appraised at $58,890; and

Rodriguez Company pays$395,380 for real estate with land, land improvements, and a building. Land is appraised at $157,040; land improvements are appraised at $58,890; and the building is appraised at $176,670. 1. Allocate the total cost among the three assets. 2. show the journal entry to record the purchase.

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