Business, 06.04.2021 01:30 kitten9389

Rodriguez Company pays $352,755 for real estate with land, land improvements, and a building. Land is appraised at $250,000; land improvements are appraised at $50,000; and a building is appraised at $200,000. 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 $352,755 for real estate with land, land improvements, and a building. Land i...

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