A company paid $660,000 cash to buy a group of plant assets. An independent appraiser assigned the following values to the assets acquired: Land Building Equipment Total $ 297,500 382,500 170,000 $ 850,000 Prepare the journal entry to record the acquisition of these assets. Note: Round answers to the nearest whole dollar amount. View transaction list Journal entry worksheet

A company paid $660,000 cash to buy a group of plant assets. An independent appraiser assigned the following values to the assets acquired: Land Building Equipment Total $ 297,500 382,500 170,000 $ 850,000 Prepare the journal entry to record the acquisition of these assets. Note: Round answers to the nearest whole dollar amount. View transaction list Journal entry worksheet

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets

Section: Chapter Questions

Problem 4AP

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