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Rodriguez Company pays $395,380 for real estate with land, land improvements, and a building. Land...

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Accounting

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Rodriguez Company pays $395,380 for real estate with land, land improvements, and a building. Land is appraised at $157040: land improvements are appraised at $58,890, and a building is appraised at $176.670. Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase, ook Complete this question by entering your answers in the tabs below. Required 1 Required 2 Allocate the total cost among the three assets. Appraised Value Percent of Total Total Cost of Appraised Value Acquisition Appottioned Cost Land Land rovements Building Total Required 2 > Proy 1 of 13 Next > here to search o IT c 1 9 4 & 3 5 6 7 00 9 0 E R T C C Y D F G H . J K L V B N M . Prepare the journal entry to record the purchase. View transaction list Journal entry worksheet bok here to search O EP ED PP - F11 F9 F10

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