PF10-30A (similar to) Airport Parking, near an airport, incurred the following costs to acquire land, make land improvements, and Airport Parking depreciates land improvements construct and furnish a small building: 8 years, all on a straight-line basis with zero resic Click the icon to view the financial data.) Read the requirements Land Item Land Improvements Building Furniture a b. h Enter any number in the edit fields and then click Check Answer 3 parts remaining Clear All Type here to search E = $ 87,000 5,500 8,000 3,500 9,100 Purchase price of three acres of land - Delinquent real estate taxes on the land to be paid by Airport Parking - Additional dirt and earthmoving 8. Title insurance on the land acquisition e. Fence around the boundary of the property t. Building permit for the building g. Architect's fee for the design of the building h. Signs near the front of the property i. Materials used to construct the building i. Labor to construct the building k. Interest cost on construction loan for the building 1. Parking lots on the property 900 20,900 9,600 212,000 167,000 9,300 29,500 25 of 26 (9 complete) Lire land, make land improvements, and Airport Parking depreciates land impro 8 years, all on a straight-line basis with Read the requirements. Furniture i Requirements 1. Columns for Land, Land Improvements, Building, and Furniture have been set up. Show how to account for each cost by listing the cost under the correct account. Determine the total cost of each asset. 2. All construction was complete and the assets were placed in service on July 1. Record partial-year depreciation for the year ended December 31. Round to the nearest dollar. Print Done