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:
Land……………………………………..$522,000
Building…………………………………. 243,000
Equipment………………………………. 135,000
Total…………………………………….. $900,000
Prepare Heidel's journal entry to record the acquisition of these assets.

Question

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The Answer of 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:
Land……………………………………..$522,000
Building…………………………………. 243,000
Equipment………………………………. 135,000
Total…………………………………….. $900,000
Prepare Heidel's journal entry to record the acquisition of these assets.

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