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On January Mitzu Company pays a lumpsum amount of $for land, Building Building and Land Improvements Building has no value and will be demolished. Building will be an office and is appraised at $with a useful life of years and a $salvage value. Land Improvements is valued at $and is expected to last another years with no salvage value. The land is valued at $The company also incurs the following additional costs.
Cost to demolish Building $
Cost of additional land grading
Cost to construct Building having a useful life of years and a $salvage value
Cost of new Land Improvements having a year useful life and no salvage value
Required:
Allocate the costs incurred by Mitzu to the appropriate columns and total each column.
I need help solving for the purchase price of land, building building and land improvements
