Rodriguez Company pays $352,755 for real estate with land, land improvements, and a building. Land is appraised at $192,000; land improvements are appraised at $72,000; and a building is appraised at $216,000. Required: 1.
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Presented below is a partial amortization schedule for Discount Foods: Interest Increase in Carrying Period Cash Paid Expense Carrying Value Value Issue Date $ 74,100 1 $ 2,700 $ 2,964 $ 264 74,364 2 2,700 2,975 275 74,639 Required: 1. & 2.
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