Business, 17.04.2020 04:11 sanchez626

Rodriguez Company pays $336,960 for real estate with land, land improvements, and a building. Land is appraised at $200,000; land improvements are appraised at $75,000; and a building is appraised at $225,000. Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase.

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Rodriguez Company pays $336,960 for real estate with land, land improvements, and a building. Land i...