Date property In White Water Adventures purchased a property for $500,000 cash. The included the following long-lived assets Appraised Valus $120,000 200,000 80.000 $400.000 Give the journal entry to allocate the purchase price between the above assets. Round all amounts to the nearest dollar, if necessary. Appraised value Item Land Building..... Outdoor Lighting. General Journal Account Titles Ratio Debit Cost Allocation Credit

Date property In White Water Adventures purchased a property for $500,000 cash. The included the following long-lived assets Appraised Valus $120,000 200,000 80.000 $400.000 Give the journal entry to allocate the purchase price between the above assets. Round all amounts to the nearest dollar, if necessary. Appraised value Item Land Building..... Outdoor Lighting. General Journal Account Titles Ratio Debit Cost Allocation Credit

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter7: Fixed Assets, Natural Resources, And Intangible Assets

Section: Chapter Questions

Problem 7.1MBA

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