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On January 1, Mitzu Co. pays a lump-sum amount of $2,650,000 for land, Building 1, Bullding 2, and Land Improvements 1 Buliding 1 has no

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On January 1, Mitzu Co. pays a lump-sum amount of $2,650,000 for land, Building 1, Bullding 2, and Land Improvements 1 Buliding 1 has no value and will be demolished. Building 2 will be an office and is appraised at $540,000, with a useful life of 20 years and a $80,000 salvage value. Land Improvements 1 is valued at $600,000 and is expected to last another 20 years with no salvage value. The land is valued at $1,860,000. The company also incurs the following additionat costs: Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column

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