Drive and Fly, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small building.

Requirement 2. all construction was complete and the assets were placed in service on September 1. Record partial-year depreciation for the year ended Dec. 31. Round to the nearest dollar ( Record single compound journal entry. Round all depreciation expense amounts to the nearest whole dollar. Record debuts first, then credits. Select the explanation on the last line of the journal entry 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 corredt account. Determine the total cost of each asset. September 1. Record partial-year depreciation for the year ended December 31. Round to the nearest dollar. 2. All construction was complete and the assets were placed in service on 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 corredt account. Determine the total cost of each asset. September 1. Record partial-year depreciation for the year ended December 31. Round to the nearest dollar. 2. All construction was complete and the assets were placed in service on