I know its a lot, but I would appreciate anyone who can solve these (: thank you

The following information applies to the questions displayed below! On January 1, Mitzu Co. pays a lump sum amount of $2,600,000 for land, Building 1. Building 2, and Land Improvements 1 Building 1 has no value and will be demolished. Building 2 will be an office and is appraised at $780,000 with a useful life of 20 years and a $75,000 salvage value. Land Improvements is valued at $330,000 and is expected to last another 11 years with no salvage value. The land is valued at $1,890,000. The company also incurs the following additional costs. $ 340,400 193,400 Cost to demolish Building 1 Cost of additional land grading Cost to construct Building 3, having a useful life of 25 years and a $402,000 salvage value Cost of new Land Improvements 2 having a 20-year useful life and no salvage value 2,202,000 173, eee Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column. Allocation of purchase price Appraised Percent of Total Appraised Value Total cost of acquisition = Apportioned Cost Value Land Building 2 Land Improvements 1 Totals $ 00% Land Building 2 Building 3 Land Improvements 1 Land Improvements 2 Purchase Price Demolition Land grading New building (Construction cost) New improvements Totals $ 0 0 0 $ 2. Prepare a single journal entry to record all the incurred costs assuming they are paid in cash on January 1 View transaction list Journal entry worksheet Record the cost of the plant assets, paid in cash. Note: Enter debits before credits. General Journal Debit Credit Date Jan 01 Required information Journal entry worksheet 2 3 4 Record the year-end adjusting entry for the depreciation expense of Building Note: Enter debits before credits General Journal Debit Date /Credit Dec 31 View general journal Record entry Clear entry (The following information applies to the questions displayed below. Onslow Co. purchased a used machine for $192.000 cash on January 2. On January 3, Onslow paid $10,000 to wire electricity to the machine and an additional $2,000 to secure it in place. The machine will be used for six years and have a $23,040 salvage value. Straight-line depreciation is used. On December 31, at the end of its fifth year in operations, it is disposed of. omework 1. Prepare journal entries to record the machine's purchase and the costs to ready it for use. Cash is paid for all costs incurred. View transaction list Journal entry worksheet 2 3 Record the purchase of a used machine for $192,000 cash. Note: Enter debits before credits Debit Credit General Journal Date Jan 02 View general journal Clear entry Record entry View transaction list Journal entry worksheet