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You purchased a building, equipment and a truck for $700,000 cash. The building has an appraisal value of $400,000, the equipment $300,000 and a truck
You purchased a building, equipment and a truck for $700,000 cash. The building has an | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
appraisal value of $400,000, the equipment $300,000 and a truck appraised at $100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Determine the cost to be assigned to each asset and prepare the journal entry to make | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the purchase. (I only need help with the table below, I attached the info above in case you need it)
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