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Mitzu Company- Answer all parts please! Required information [The following information applies to the questions displayed below] On January 1, Mitzu Company pays a lump-sum

Mitzu Company- Answer all parts please!
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Required information [The following information applies to the questions displayed below] On January 1, Mitzu Company pays a lump-sum amount of $2,700,000 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 $690,000, with a useful life of 20 years and a $85,000 salvage value. Land improvements 1 is valued at $420,000 and is expected to last another 14 years with no salvage value. The land is valued at $1,890,000. The company also incurs the following additional costs. Cost to demolish furlding 1 cost of additional land grading 5343,400 Cost to construct Building 3 , having a useful tife of 25 years and a $398, eee salvage vatue 2,222,000 Cost of new Land Inprovements 2, having a 20-year usefut life and no satvage value 168,000 Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column

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