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Check Exercise 8-3 Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $336,960 for real estate with land, land improvements, and a building, Land is appraised at $225,000: land improvements are appraised at $90,000; and a building is appraised at $135,000 Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase 22 Complete this question by entering your answers in the tabs below. Rebuired 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost answers to 2 decimal places.) Appraised Value Percent of Total Appraised Value * Total Cost of Acquisition Apportioned Cost $ Land Land improvements Building Total 222.500 90,000 135,000 447,500 50% 15% 35% 100% 336,000 336,000 336,000 $ $ 0.00 Required 2 > - Of Ass X whection.com/contenanchuriai 27.25 & Homework Complete this question by entering your answers in the tabs below. Pre the mattery to record the purchased our write 2 decimal places Journal entry worksheet A Record the costs of lumo-Sum Dutch De Gerary View gener Pe 18 Need 7:1:1 5 G 2 ] w E R T Y S D F G H X C V B N Check Exercise 8-3 Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $336,960 for real estate with land, land improvements, and a building, Land is appraised at $225,000: land improvements are appraised at $90,000; and a building is appraised at $135,000 Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase 22 Complete this question by entering your answers in the tabs below. Rebuired 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost answers to 2 decimal places.) Appraised Value Percent of Total Appraised Value * Total Cost of Acquisition Apportioned Cost $ Land Land improvements Building Total 222.500 90,000 135,000 447,500 50% 15% 35% 100% 336,000 336,000 336,000 $ $ 0.00 Required 2 > - Of Ass X whection.com/contenanchuriai 27.25 & Homework Complete this question by entering your answers in the tabs below. Pre the mattery to record the purchased our write 2 decimal places Journal entry worksheet A Record the costs of lumo-Sum Dutch De Gerary View gener Pe 18 Need 7:1:1 5 G 2 ] w E R T Y S D F G H X C V B N

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