e 1 E10-18 Making a lump-sum purchase of assets Deadwood Properties bought three lots in a subdivision for a lump-sum pr

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E 1 E10 18 Making A Lump Sum Purchase Of Assets Deadwood Properties Bought Three Lots In A Subdivision For A Lump Sum Pr 1 (118.81 KiB) Viewed 61 times

e 1 E10-18 Making a lump-sum purchase of assets Deadwood Properties bought three lots in a subdivision for a lump-sum price. An independent appraiser valued the lots as follows: 500 a Lot Appraised Value 1 $ 70,500 2 235,000 164,500 3 Deadwood paid $210,000 in cash. Record the purchase in the journal, identifying each lot's cost in a separate Land account. Round decimals to two places, and use the computed percentages throughout.