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Business, 09.12.2021 04:50 kmassarotti
Rodriguez Company pays $347,490 for real estate with land, land improvements, and a building. Land is appraised at $211,500; land improvements are appraised at $94,000; and the building is appraised at $164,500. 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 $347,490 for real estate with land, land improvements, and a building. Land i...
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