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Get Homework Help With Chego Stu... Daley Company Estimates Uncollect Ch 8: Homework Saved Help Sav 1 Exercise 8-3 Lump-sum purchase of plant assets LO CI 5.88 points Skipped Rodriguez Company pays $331,695 for real estate with land, land improvements, and a building. Land is appraised at $216,000; land improvements are appraised at $72,000; and a building is appraised at $192,000. Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. eBook Hint Complete this question by entering your answers in the tabs below. Print References 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 x Total Cost of Appraised Acquisition Value Apportioned Cost Land Land improvements Building Totals 0 0% 0.00 Required 2 > --- Rodriguez Company pays $331,695 for real estate with land, land improvements, and a building. Land is appraised improvements are appraised at $72,000; and a building is appraised at $192,000. 3 Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. ts Ekipped Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Hint Print Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Terences Appraised Value Percent of Total Appraised Value x Total Cost of Acquisition = Apportioned Cost Land Land improvements Building Totals 0% $ 0.00 Required Required 2 > Prev 1 of 17 Next > 1 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list 5.88 points Journal entry worksheet Skipped