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[The following information applies to the questions displayed below.] Rodriguez Company pays $365,000 for real estate plus $19,345 in closing costs. The real estate consists
[The following information applies to the questions displayed below.] Rodriguez Company pays $365,000 for real estate plus $19,345 in closing costs. The real estate consists of land appraised at $214,200; land improvements appraised at $61,200; and a building appraised at $234,600. 33.value: 4.00 pointsRequired information Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places.)
The following information applies to the questions displayed below.] Rodriguez Company pays $365,000 for real estate plus $19,345 in closing costs. The real estate consists of land appraised at $214,200; land improvements appraised at $61,200; and a building appraised at $234,600. Required information value: 4.00 points Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Appraised Value Percent of Total Value Appraised xTotal Cost of Apportioned Acquisition Cost Land Land improvements Building Totals $ 214,200 61,200 234,600 $ 510,000 45% 10% 45% 100% 0.00Step by Step Solution
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