Allocating Payments and Receipts to Fixed Asset Accounts The following payments and receipts are related to land, land improvements, and buldings acquired for use in a wholesale ceramic business. The receipts are identified by an asterisk. amount, Enter receipts as negative amounts using the minus sign, 2. Determine the amount debined to Land, Land Imprevements, and Bullding. 3. Since land used as a plant site lose its ablity to provide services, it depreciated, Land improvement: lose their ability to provide services as time passes and are, therefore, Land? Assume that Land 1mprovements are deprecieted over a 20-year ife using the doubli-declining-baranch method