Allocate Payments and Receipts to Fixed Asset Accounts The following payments and receipts are related to land, land improvements, and bulidings acquired for use in a wholesale apparei business. The receipts are identified by 1. Assign each payment and receipt to Land (unlimited ife), Land improvemeats (limited life), Building, or other Accounts by selecting fram the corresponding item from the dropdown list. Enter receipts as negative amounts. vuilding