Plexsteel Industries, acquired an existing building and land for $400,000. The following additional expenditures were made related to the purchase: broker's commission, $20,000 title insurance, $1.000, and closing costs, $4.000. In anticipation of constructing a new building, the existing building was demolished immediately at a cost of $20.000 Determine the amount Flexsteel should record as the cost of the land Cost of the land Required information [The following information applies to the questions displayed below) East Mill Pizzeria is closing its business. It sold its two-year-old pizza ovens to Marco's Italian Restaurant for $600,000 Originally, East Mill acquired the pizza ovens at a cost of $800,000. The ovens had an estimated useful life of 10 years, an estimated residual value of $50.000, and were depreciated using straight-line depreciation Complete the requirements below for East Mill Pizzeria Required: 1. Calculate the balance in the accumulated depreciation account at the end of the second year Accumulated depreciation Saved Required information The following information applies to the questions displayed below) East Mill Pizzeria is closing its business. It sold its two-year-old pizza ovens 10 Morco's Italian Restaurant for $600,000 Originally, East Mill acquired the pizza ovens at a cost of $800,000. The ovens had an estimated useful life of 10 years, an estimated residual value of $50,000, and were depreciated using straight-line depreciation Complete the requirements below for East Mill Pizzeria 2. Calculate the book value of the ovens at the end of the second year Book value