Improvements 1. Building thas no value and will be demolished. Building 2 will be an office and is appraised at $678,500. with a useful iffe of 20 years and a $80,000 salvage value. Land improvements 1 is valued at $442,500 and is expected to last another 15 years with no salvage value. The land is valued at $1,829,000. The company also incurs the following additional costs Cost to denolinh Baildiseg Cost of additional land grading 541,465193,4602,242,650178,600 2. Prepare a single journal entry to record alt the incurred costs assuming they are paid in cash on January 1 Journal entry worksheet Alecord the cost of the plant assets, paid in cash. Noter fintar dehits bethre credits Improvements 1. Building thas no value and will be demolished. Building 2 will be an office and is appraised at $678,500. with a useful iffe of 20 years and a $80,000 salvage value. Land improvements 1 is valued at $442,500 and is expected to last another 15 years with no salvage value. The land is valued at $1,829,000. The company also incurs the following additional costs Cost to denolinh Baildiseg Cost of additional land grading 541,465193,4602,242,650178,600 2. Prepare a single journal entry to record alt the incurred costs assuming they are paid in cash on January 1 Journal entry worksheet Alecord the cost of the plant assets, paid in cash. Noter fintar dehits bethre credits