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Please help! Required information [The following information applies to the questions displayed below.]...

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Accounting

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Required information [The following information applies to the questions displayed below.] On January 1 , Mitzu Company pays a lump-sum amount of $2,650,000 for land, Building 1, Building 2 , and Land Improvements 1 . Building 1 has no value and will be demolished. Building 2 will be an office and is appraised at $796,500, with a useful life of 20 years and a $80,000 salvage value. Land Improvements 1 is valued at $295,000 and is expected to last another 10 years with no salvage value. The land is valued at $1,858,500. The company also incurs the following additional costs. Cost to demolish Building 1 Cost of additional land grading Cost to construct Building 3, having a useful life of 25 years and a $400,000 salvage value Cost of new Land Improvements 2, having a 20-year useful life and no salvage value $346,400 189,400 2,302,000 173,000 Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column

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