Business, 03.12.2019 05:31 meg7211

Rodriguez company pays $325,000 for real estate plus $17,225 in closing costs. the real estate consists of land appraised at $240,000; land improvements appraised at $96,000; and a building appraised at $144,000. required: 1. allocate the total cost among the three purchased assets. 2. prepare the journal entry to record the purchase.

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Rodriguez company pays $325,000 for real estate plus $17,225 in closing costs. the real estate consi...

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