4 art 2 of 3 ints eBook Print References Required information [The following information applies to the questions displayed below) On January 1, Mitzu Co. pays a lump-sum amount of $2.750,000 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 $560,500, with a useful life of 20 years and a $70,000 salvage value. Land Improvements 1 is valued at $619,500 and is expected to last another 21 years with no salvage value. The land is valued at $1,770,000. 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 $398,000 salvage value Cost of new Land Improvements 2 having a 20-year useful life and no salvage value $ 340,400 189,400 2,282,000 178,000