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Rodriguez Company pays $384,345 for real estate with land, land improvements, and a building. Land...

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Accounting

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Rodriguez Company pays $384,345 for real estate with land, land improvements, and a building. Land is appraised at $176,000: land improvements are appraised at $66.000; and the building is appraised at $198,000. 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required 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 Totals Required 2 >

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