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The following Information applies to the questions displayed below.] Rodriquez Company pays $365,000 for real estate plus $19,345 in closing costs. The real estate consists

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The following Information applies to the questions displayed below.] Rodriquez Company pays $365,000 for real estate plus $19,345 in closing costs. The real estate consists of land appraised ot $204,000: land improvements appraised at $71,400; and a building appraised at $234,600. 2. value: 100 points Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Percent of Total Apportioned Cost x Total Cost of Acquisition Appraised Value Appraised Value x 384345 204,000 Land Land improvements 71,400 14% x 384345 234,600 x 384345 Building 0.00 510,000 14% Totals 3. value 1.00 points Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the costs of lump-sum purchase. Note: Enter debits before credits Transaction General Journal Debit Credit 01 Record entry Clear entry View general journal 4. velue: 100 points Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $60,200. The machine's useful life is estimated at 10 years. or 208.000 units of product, with a $8.500 salvage value. During its second year, the machine produces 28.500 units of product Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreciation Annual Depreciation Expense Choose Denominator: Choose Numerator: / Depreciation expense Estimated useful life (years) Cost minus salvage 0 Year 2 Depreciation Year end book value (Year 2) 5. velue 100 points Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $80,000. The machine's useful life is estimated at 10 years, or 450,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 40,000 units of product Determine the machine's second-year depreciation using the units-of-production method. Units-of-production Depreciation Annual Depreoiation Expense Choose Denominator: Choose Numerator: Depreciation expense per unit Depreciation Expense Year Annual Production (units) 2 LO

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