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Business, 26.11.2019 01:31 1041273

Rodriguez company pays $336,960 for real estate with land, land improvements, and a building. land is appraised at $220,000; land improvements are appraised at $66,000; and a building is appraised at $154,000.

(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 $336,960 for real estate with land, land improvements, and a building. land i...
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