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Are all of these correct? and how do i calculate section #2 Chapter 9 Exercises & Problems book The following payments and receipts are related

Are all of these correct? and how do i calculate section #2
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Chapter 9 Exercises & Problems book The following payments and receipts are related to land, land rovements, and buildings cuired for use in a wholesale website. The recents are entified by an tek a Fee paid to attomey for title search 19,000 b. Cost of real estate agured as a plant sitet Land 316,400 Building (to be demolished) 39,100 c. Finder's fee paid to real estate agency 17,800 d. Delincuentreal estate taxes on property, assumed by purchase 5.000 e. Architect's and engineer's tees for plans for new building 3,000 f. Cost of removing building purchased with and in 11,900 Q Proceeds from sale of salvage materials from old building 43500 n Cost of Filing and grade land 4,200 Premium on one year insurance policy during construction 17,400 3 Money betrowed to pay building contractor 742,000 Special assessment paid toety for extension of water main to the 5.500 property Cost of repairing windstorm damage during construction 15.000 m Cost of repairing vandalism damage during construction 8.500 n. Cost of trees and thrubbery planted 1.000 Cost of Daving parking lot to be used by customers 2.500 Interest incurred on building loan curing construction 5.900 Proceeds from insurance company for windstormano vancoise damage 37.200 - Payment to building contractor for new building 791,000 Refund of premium on insurance policy to canceleder 11 months 350 Required: 1. Assion cach payment and recept to Land (untime and provements et Duit Or Accents Decret om hvorfor det Owck My Work more Check My Works Emai Sudut Alignment Ak saved " PICO GBOOK Item Account Amount a. Land- 3,000 b Land- 346,500 C Land- 17.800 d Land 5,000 Building 3,000 + 11,900 Land 43,500 Land 4,200 Building 17,400 3 Other ALEGRE -742.000 Land 5,500 1 Other Account 15,000 m Other Accounts 8.900 n Land Improvements 1,000 2.500 0. Land Improvements Huildin 5,900 -37,200 9 Other Account Buildim 791,000 Building -350 2. Determine the amount debited to Land, Land Improvements, and Building Land Land Improvements Building Next > Buildin -350 2. Determine the amount debited to Land, Land Improvements, and Building Land Land Improvements Building 3. Since land used as a plant site does not lose its ability to provide services, it is not deprecated and improvements soose their ant to provide services as tee ses and therefore, depreciated 4. What would be the effect on the income statement and balance sheet if the cost of riting and rading land of $17.400 (payment was incorrectly called as Land Improvement there and Assurant Improvements are depreciated over a 20-year dessing the double-decining balance method Depreciation expense would be overstated and would be overstated

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