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Mathematics, 07.04.2020 23:09 Nessaboo916

Rodriguez Company pays $336,960 for real estate with land, land improvements, and a building. Land is appraised at $216,000; land improvements are appraised at $81,000; and a building is appraised at $243,000. Required: 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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