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Rodriguez Company pays $605,405 for real estate with land, land improvements, and a building Land...

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Accounting

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Rodriguez Company pays $605,405 for real estate with land, land improvements, and a building Land is appraised at $358,000; land improvements are appraised at $45,000; and the building is appraised at $298,000. Calculate the cost allocations and prepare the journal entry to record this purchase. Suck-1t Sucker Company bought a new sucker making machine for $45,000. it has a salvage value of $5,000, and the company expects that the machine will be able to produce 120,000 suckers before being replaced. During its first year, the machine made 25,000 suckers. Record the first year depreciation using the units-of-production method

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