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Question 3 wasn't set up right and I don't understand Question 5 Any help is truly appreciated Question 5 has 6 questions 3 0 Required

Question 3 wasn't set up right and I don't understand Question 5

Any help is truly appreciated

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Question 5 has 6 questions

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3 0 Required information The following information applies to the questions displayed below.] Part 3 of 3 In January 2017, Mitzu Co. pays $2,700,000 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 $660,000, with a useful life of 20 years and a $90,000 salvage value. A lighted parking lot near Building 1 has improvements (Land Improvements 1) valued at $570,000 that are expected to last another 19 years with no salvage value. Without the buildings and improvements, the tract of land is valued at $1,770,000. The company also incurs the following additional costs: 2.22 points eBook Cost to demolish Building 1 Cost of additional land grading Cost to construct new building (Building 3), having a useful life of 25 $ 343,400 195,400 2,202,000 178,000 years and a $400,000 salvage value Ask Cost of new land improvements (Land Improvements 2) near Building 2 having a 20-year useful life and no salvage value Print 3. Using the straight-line method, prepare the December 31 adjusting entries to record depreciation for the 12 months of 2017 when References these assets were in use

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