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Business, 07.11.2019 00:31 krystalhurst97

Exercise 8-3 lump-sum purchase of plant assets lo c1 rodriguez company pays $375,280 for real estate plus $20,100 in closing costs. the real estate consists of land appraised at $157,040; land improvements appraised at $58,890; and a building appraised at $176,670. required: 1. allocate the total cost among the three purchased assets. 2. prepare the journal entry to record the purchase.

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Exercise 8-3 lump-sum purchase of plant assets lo c1 rodriguez company pays $375,280 for real estate...
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