Question: 1 Exercise 8 - 3 ( Algo ) Lump - sum purchase of plant assets LO C 1 1 2 5 Rodriguez Company pays $

1
Exercise 8-3(Algo) Lump-sum purchase of plant assets LO C1
125
Rodriguez Company pays $326,430 for real estate with land, land improvements, and a building. Land is appraised at $188,000; land polnts improvements are appraised at $94,000; and the building is appraised at $188,000.
Allocate the tofal cost among the three assets.
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Prepare the journal entry to record the purchase.
1 Exercise 8-3(Algo) Lump-sum purchase of plant assets LO C1 125

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