Assume Online, Inc., opened an office in Westerville, Ohio Online incurred the following costs in acquiring and making land improvements, and constructing and furnishing the now salos building Click the icon to www the financial data) Assume Online dipreciates buildings over 50 years, tand improvements over 15 years, and furniture over 12 years ait on a straight line basis with zero residual value. Requirement 1. Show how to account for each of Online's costs by listing the cost under the correct account Determine the total cost of each asset Start with items a through, next, entertem through and lastly calculate the totals for each asset Category of a box is not used in the tableave the box emply do not specta label or enter a zoro Round percentages to Two places when calculating proportions XXX%) and use your computed percentages throughout. Round your final answers to the nearest whole dollar Assume Online, Inc opened an omice in Westervillie Ohio Online incurred the following costs in acquiring and making and improvements, and constructing and furnishing the new sales balsing Eck the icon to view the francial data) Assume Online deprecies Bustings over 50 years, tand improvements over 15 years, and furniture over 12 years, all on a straight-line basis with zero tesadust value Read the requirements Item Land Improvements Building Building Furniture a D d a Purchase price of land, including an old building that will be used for a garage (land market value is $310,000, building market value is $90,000) Grading (leveling) land Fence around the land $ 340,000 b 8,600 31.700 0 Attorney fee for title search on the land 900 5,200 Delinquent real estate taxes on the land to be paid by Online Company signs at entrance to the property Building permit for the sales building 1.500 300 g 19,760 512,000 40.160 9,400 6,800 h. Architect fee for the design of the sales building 1 Masonry, carpentry, and roofing of the sales building. 1 Renovation of the garage building k Interest cost on construction loan for sales building 1. Landscaping (trees and shrubs). m. Parking lot and concrete walks on the property Lights for the parking lot and walkways Salary of construction supervisor (86% to sales building, 8% to land improvements, and 6% to garage building renovations) P. Office furniture for the sales building 52,500 7,200 n 0 39,000 79,500 p. Office furniture for the sales building ERI 79,500 2.100 a. Transportation and installation of furniture M 1. Show how to account for each of Online's costs by listing the cost under the correct account. Determine the total cost of each asset. 2. All construction was complete and the assets were placed in service on April 2. Record depreciation for the year ended December 31. Round to the nearest dollar. 3. How will what you learned in this problem help you manage a business