basedm4738 basedm4738

27-10-2022
Business

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rodriguez company pays $326,430 for real estate with land, land improvements, and a building. land is appraised at $247,500; land improvements are appraised at $110,000; and the building is appraised at $192,500. 1. allocate the total cost among the three assets. 2. prepare the journal entry to record the purchase.

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