Data table Requirements 1. Columns for Land, Land Improvements, Building, and Furniture have been set up. Show how to account for each cost 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 May 1. Record partial-year depreciation for the year ended December 31 . Round to the nearest dollar. Park and Go, near an aimort, incurted the following costs to acquire land, mako land improvements, and construct and furnish a small bulling: Park and Co deprociatos land inprovements ever 25 years, buildngs over 45 ytark, and furnituse covir a yoars, all on a straighthine tosis with zero residual valve. (Click the icon to view the financial data) Read the cocuirnments. Requirement 1. Columns for Land, Land Improvements, Buliding, and Furnture have been set up. Show how to acoount for each cost by isting the cost undor the ocrect account Determine the total cost of each assot. Begin by listing each cost for stems a. theough i. first, followed by bems ;. theough q. Then sotermine the total cost of each asset. (f a bex is not used in the tatie inave the bor empari do not erter a zero.) Park and Go, near an airport, incurred the following costs to accuire land, make land A. Park and Go depreciates land improvements over 25 years, buldings cver 40 years, and improvements, and construct and furnish a smail buiding: furniture over 8 years, all on a straight-tine basis with zero resicual value. Click the ison to vilew the financial datai) Read the reguirements- Requirement 2. Al construction was complete and the assets were placed in service on May 1, Record partialyear depreciation for the yoar ended December 31 . Round to the nearest dolly. (Record a single compound journal entry. Round all depreciation expense amcurts to the nearest whole dolar. Recond debits finst, then credits. Select the explanation en the tast line of the joumal