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$350 000 8.100 1000 7500 3400 1.500 24500 820.000 50.200 4 QI. Assume Milne's Moving & Storage Ltd. (MMS) of Regina, Saskatchewan, incurred the following

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$350 000 8.100 1000 7500 3400 1.500 24500 820.000 50.200 4 QI. Assume Milne's Moving & Storage Ltd. (MMS) of Regina, Saskatchewan, incurred the following costs in acquiring land, making land improvements, and constructing and furnishing its own storage warehouse: a. Purchase price of 4 acres of land, including an old building that will be used for an office and fair value is $320.000, building tair value is $80.000) b. Landscaping additional dirt and earth moving) c Fence around the land 31.500 d Lawyer free for the search on the land e Delinquentres estate ages on the land to be paid by MMS 1. Company signs at front of the company property 9. Building permit for the warehouse . Architecte for the design of the warehouse Masonry, carpentry, roofing, and other about to construct the warehouse + Renovation of the office building k interest cost on construction for warehouse 9.700 L Landscaping free and Subs 8.200 m. Parking lot. concrete walls and lights on the property n. Concrete, wood, and other materials used in the construction of the warehouse 234.300 o Supervisory salary of construction Supervisor to warehouse Stand improvements, 10% to office building) 60.000 p. Office furniture 115.700 Transportation and installation of furniture 2300 Assume MMS depreciates buildings over 40 years, land improvements over 20 years, and furniture over 8 years, all on a straight-line basis with zero residual value. Requirements: Set up columns for Land, Land Improvements, Warehouse, Office Building, and Furniture. Show how to account for each of MMS's costs by listing the cost under the correct account. Determine the total cost of each asset, using the form given below. 57 600 Assuming that all construction was complete, and the assets were placed in service on September 1, 2017, record depreciation for the year ended December 31, 2017. Round to the nearest dollar Lund Land improvement Wwehouse Office Building Furniture a b d 1 9 1 1 m 0 P 9 Total

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