Ron_W5DQ1 - 38.900 x $150,000 = 58,350 Totals $180,000...

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Ron_E10-15 Allocation of cost to each lot: Lot Appraised Value Proportion Allocated Cost 1 $50,000 $50,000/$180,000 27.800 x $150,000 = $41,700 2 60,000 $60,000/$180,000 33.300 x $150,000 = 49,950 3 70,000 $70,000/$180,000
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Unformatted text preview: 38.900 x $150,000 = 58,350 Totals $180,000 100.000 $150,000 Journal Date Accounts and Explanations Post Ref. Debit Credit Land Lot1 41,700 Land Lot2 49,950 Land Lot3 58,350 Cash 150,000...
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This note was uploaded on 01/05/2011 for the course ACC 205 taught by Professor Robertcarr during the Winter '10 term at Ashford University.

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