![The following information applies to the questions displayed below.] Rodriguez Company pays $365,000 for real estate plus $19,345 in closing costs. The real estate consists of land appraised at $214,200; land improvements appraised at $61,200; and a building appraised at $234,600. Required information value: 4.00 points Allocate the total cost among the three purchased assets. (Round your Apportioned Cost answers to 2 decimal places.) Appraised Value Percent of Total Value Appraised xTotal Cost of Apportioned Acquisition Cost Land Land improvements Building Totals $ 214,200 61,200 234,600 $ 510,000 45% 10% 45% 100% 0.00](http://img.homeworklib.com/questions/195c0c20-718e-11ea-8a82-b1495f5e49a9.png?x-oss-process=image/resize,w_560)
[The following information
applies to the questions displayed below.] Rodriguez Company pays
$365,000 for real estate plus $19,345 in closing costs. The real
estate consists of land appraised at $214,200; land improvements
appraised at $61,200; and a building appraised at $234,600.
33.value: 4.00 pointsRequired information Allocate the total cost
among the three purchased assets. (Round your "Apportioned Cost"
answers to 2 decimal places.)
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[The following information
applies to the questions displayed below.] Rodriguez Company pays
$365,000 for real estate...
The following Information applies to the questions displayed below.] Rodriquez Company pays $365,000 for real estate...
The following Information applies to the questions displayed below.] Rodriquez Company pays $365,000 for real estate plus $19,345 in closing costs. The real estate consists of land appraised ot $204,000: land improvements appraised at $71,400; and a building appraised at $234,600. 2. value: 100 points Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Percent of Total Apportioned Cost x Total Cost of Acquisition Appraised Value Appraised Value x 384345 204,000...
Rodriguez Company pays $350,000 for real estate plus $18,550 in closing costs. The real estate consists...
Rodriguez Company pays $350,000 for real estate plus $18,550 in closing costs. The real estate consists of land appraised at $200,000; land improvements appraised at $80,000, and a building appraised at $120,000. Required: 1. Allocate the total cost among the three purchased assets 2. Prepare the journal entry to record the purchase. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Allocate the total cost among the three purchased assets....
Rodriguez Company pays $345,000 for real estate plus $18,285 in closing costs. The real estate consists...
Rodriguez Company pays $345,000 for real estate plus $18,285 in closing costs. The real estate consists of land appraised at $255,000; land improvements appraised at $102,000; and a building appraised at $153,000. Required: 1. Allocate the total cost among the three purchased assets. 2. Prepare the journal entry to record the purchase.
Exercise 8-3 Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $345,000 for real estate...
Exercise 8-3 Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $345,000 for real estate plus $18,285 in closing costs. The real estate consists of land appraised at $180,000; land improvements appraised at $40,000; and a building appraised at $180,000. Required: 1. Allocate the total cost among the three purchased assets. 2. Prepare the journal entry to record the purchase. Appraised Value Percent of Total Appraised Value x Total Cost of Acquisition = Apportioned Cost Land Land improvements Building...
Rodriguez Company pays $360,000 for real estate plus $19,080 in closing costs. The real estate consists...
Rodriguez Company pays $360,000 for real estate plus $19,080 in
closing costs. The real estate consists of land appraised at
$200,000; land improvements appraised at $100,000; and a building
appraised at $200,000.
Required:
1. Allocate the total cost among the three
purchased assets.
2. Prepare the journal entry to record the
purchase
Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Appraised Value Percent of Total Appraised Value x Total Cost...
Rodriguez Company pays $358,020 for real estate with land, land improvements, and a building, Land is...
Rodriguez Company pays $358,020 for real estate with land, land improvements, and a building, Land is appraised at $225.000, land improvements are appraised at $75,000, and a building is appraised at $200,000. Required: 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. cook Required 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost answers...
Rodriguez Company pays $352,755 for real estate with land, land improvements, and a building. Land is...
Rodriguez Company pays $352,755 for real estate with land, land improvements, and a building. Land is appraised at $198.000: land Improvements are appraised at $44.000, and a building is appraised at $198.000 Required: 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! Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2...
Rodriguez Company pays $394,875 for real estate with land, land improvements, and a bulding, Land is...
Rodriguez Company pays $394,875 for real estate with land, land improvements, and a bulding, Land is appraised at $265.000;land Improvements are appraised at $53,000, and a building is appraised at $212,000. Required: 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 Required Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places.)...
Rodriguez Company pays $326,430 for real estate with land, land improvements, and a building. Land is...
Rodriguez Company pays $326,430 for real estate with land, land improvements, and a building. Land is appraised at $184,500; land improvements are appraised at $61,500; and a building is appraised at $164,000. points Required: 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. eBook Required 1 Required 2 Hint Allocate the total cost among the three assets. (Round your "Apportioned...
Rodriguez Company pays $358,020 for real estate with land, land improvements, and a building. Land is...
Rodriguez Company pays $358,020 for real estate with land, land improvements, and a building. Land is appraised at $193,500; land improvements are appraised at $64,500; and a building is appraised at $172,000. Required: 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...
The following Information applies to the questions displayed below.] Rodriquez Company pays $365,000 for real estate plus $19,345 in closing costs. The real estate consists of land appraised ot $204,000: land improvements appraised at $71,400; and a building appraised at $234,600. 2. value: 100 points Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Percent of Total Apportioned Cost x Total Cost of Acquisition Appraised Value Appraised Value x 384345 204,000...
Rodriguez Company pays $350,000 for real estate plus $18,550 in closing costs. The real estate consists of land appraised at $200,000; land improvements appraised at $80,000, and a building appraised at $120,000. Required: 1. Allocate the total cost among the three purchased assets 2. Prepare the journal entry to record the purchase. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Allocate the total cost among the three purchased assets....
Rodriguez Company pays $360,000 for real estate plus $19,080 in
closing costs. The real estate consists of land appraised at
$200,000; land improvements appraised at $100,000; and a building
appraised at $200,000.
Required:
1. Allocate the total cost among the three
purchased assets.
2. Prepare the journal entry to record the
purchase
Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Appraised Value Percent of Total Appraised Value x Total Cost...
Rodriguez Company pays $358,020 for real estate with land, land improvements, and a building, Land is appraised at $225.000, land improvements are appraised at $75,000, and a building is appraised at $200,000. Required: 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. cook Required 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost answers...
Rodriguez Company pays $352,755 for real estate with land, land improvements, and a building. Land is appraised at $198.000: land Improvements are appraised at $44.000, and a building is appraised at $198.000 Required: 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! Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2...
Rodriguez Company pays $394,875 for real estate with land, land improvements, and a bulding, Land is appraised at $265.000;land Improvements are appraised at $53,000, and a building is appraised at $212,000. Required: 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 Required Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places.)...
Rodriguez Company pays $326,430 for real estate with land, land improvements, and a building. Land is appraised at $184,500; land improvements are appraised at $61,500; and a building is appraised at $164,000. points Required: 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. eBook Required 1 Required 2 Hint Allocate the total cost among the three assets. (Round your "Apportioned...
Rodriguez Company pays $358,020 for real estate with land, land improvements, and a building. Land is appraised at $193,500; land improvements are appraised at $64,500; and a building is appraised at $172,000. Required: 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...
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