Rodriguez Company pays $342,225 for real estate with land, land improvements, and a building. Land is appraised at $250,000; land improvements are appraised at $75,000; and a building is appraised at $175,000.
Required:
a. Allocate the total cost among the three assets.
b. Prepare the journal entry to record the purchase.
Answers: 2
Business, 24.06.2019 06:30, pleasehelpme71
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Answers: 2
Rodriguez Company pays $342,225 for real estate with land, land improvements, and a building. Land i...
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