Discount Parking, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small building: (Click the loon to view the financial data.) Discount Parking depreciates land improvements over 15 years, buildings over 40 years, and furniture over 10 years, all on a straight-line basis with zero residual value. Read the requirements. Requirement 1. Columns for Land, Land Improvements, Building, and Furniture have been set up. Show how to account for cach cost by listing the cost under the correct account. Determine the total cost of each asset. Begin by listing each cost for items a through i. first, followed by itemsj, through . Then determine the total cost of each asset. (if a box is not used in the table, leave the box empty: do not enter a zero.) X Land Improvements Item Land Building Requirements b. c. 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 October 1. Record partial-year depreciation for the year ended December 31 Round to the nearest dollar d. e f g h. Print Done E Homework: Chapter 10 Homework Question 7, P10-30A (bo.. Part 1 of 4 HW Score: 0%, 0 of 20 points O Points: 0 of 4 O Save Data table years, buildings over 40 years, and furniture over 10 years, Discount Parking, near an airport, incurred the following cost and furnish a small building: (Click the icon to view the financial data.) $ 80.000 6,300 etermine the total cost of each asset. Requirement 1. Columns for Land, Land Improvements, Bu Begin by listing each cost for items a through i. first, followed 9,000 do not enter a zero.) Land 3.200 9,600 Item Land Improvements Buil 1,000 a. b. . 20,700 9,300 215,000 d. a. Purchase price of three acres of land b. b. Delinquent real estate taxes on the land to be paid by Discount Parking G. Additional dirt and earthmoving d. Title insurance on the land acquisition e. Fence around the boundary of the property f. Building permit for the building . g. Architect's fee for the design of the building h. Signs near the front of the property 1. Materials used to construct the bullding 1 Labor to construct the building k. Interest cost on construction loan for the building 1. Parking lots on the property m. Lights for the parking lots Salary of construction supervisor (80% to building: 20% to parking lot and n. concrete walks) a. Fumiture p. Transportation of furniture from seller to the building q. Additional fencing 175,000 9,400 f. 28,500 11,200 h. i. 50,000 11,200 2.200 6,600 Print Done