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ollowing information applies to the questions displayed below In January 2015, Keona Co. pays $2.800,000 for a tract of land with two buildings on it.

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ollowing information applies to the questions displayed below In January 2015, Keona Co. pays $2.800,000 for a tract of land with two buildings on it. It plans to demolish Building 1 and build a new store in its place. Building 2 will be a company office; it is appraised at $641.300. with a useful life of 20 years and an $80,000 residual value. A lighted parking lot near Building 1 has improvements (Land Improvements 1) valued at $408,100 that are expected to last another 14 years with no residual value. Without the buildings and improvements, the tract of land is valued at $1.865.600. The company also incurs the following additional costs: Cost to demolish Building 1 Cost of additional land grading Cost to construct new building (Building 3), having a useful life of 25 years and a $390,100 residual value Cost of new land improvements (Land Improvements 2) near Building 2 having a 20-year useful life and no residual value $ 422,600 167.200 2.019.000 158,000 value: 10.00 points Required: 1. Allocate the costs incurred by Keona to the appropriate columns and total each column. Leave no cells blank be certain to enter "O" wherever required. Omit the $ sign in your response.) Land improvements improvem Land Land Building 2llBuilding 3 Purchase price s1792000616000s 0 392000$

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