Drive and Fhy, noar an airport, incurred the following costs to acquire land, make land inpeovemects, and construct and furnish a small brifing: Click the icon to view the fnancial data ) Dive and Fly depreclates land imptoyements over 15 yotars. buildings over 50 vears, and furniture owor 10 yoars, all on a straight Ine basas aith rero residual value Requirements 1. Show how io account for each cost try listing the cost undet the correct account. Detecriane the botal coot of each isset 2. All construction was complete and the assets were placed in service on August I FRecord partial.yoar deprociasion lor the your anded Docember 31 Drive and Fly, near an airport, incurred the following costs to acquire land, make land improvernents, and construct and furnish a small building (Click the icon to view the financial data-) Drive and Fly depreciates land improvements over 15 years, buildings over 50 years, and furniture over 10 years, all on a straight-line basis with zero residual Requirements 1. 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 sarvice on August 1. Record partial-year depreciation for the year ended December 31 Dive and Fly, near Et. (Click the icon Dive and Fly depre Requirements 1. Show how to a 2. All construction Orive and Fly, near (Click the icon Orive and Fly depre Requirements 1. Show how to a. 2. All construction Requirement 1. Sh Begin by listing eac