Heidel Co. paid $750,000 cash to buy the plant assets of Rogers Co. that went out of business. An independent appraiser assigned the following values to the assets acquired: Prepare Heidel's journal entry to record the acquisition of these assets.

Name: Heidel Co. paid $750,000 cash to buy the plant assets of Rogers Co. that went out of business. An independent appraiser assigned the following values to the assets acquired: Prepare Heidel's journal entry to record the acquisition of these assets.
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Question

Heidel Co. paid $750,000 cash to buy the plant assets of Rogers Co. that went out of business. An independent appraiser assigned the following values to the assets acquired:  Prepare Heidel's journal entry to record the acquisition of these assets.

Heidel Co Paid $750,000 Cash to Buy the Plant Assets of of Rogers