Business, 16.07.2021 06:20 sydneydavis57

Rodriguez Company pays $363,285 for real estate with land, land improvements, and a building. Land is appraised at $198,000; land improvements are appraised at $66,000; and a building is appraised at $176,000. 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 $363,285 for real estate with land, land improvements, and a building. Land i...