Question Help Online, Inc., opened an office in Maple Grove, Minnesota Online incurred the following costs in acquiring and making and improvements, and constructing and furishing the new sales building Click the konto view the financial data) The company precare buldings over 50 years, and improvements over 25 years, and future over 12 years of on a wine basis with rektal values of bero Requirement 1. Idently the proper account (and, Land improvements Ses Building, Garage Building, or Furniture) for each of the costs listed in the problem. Chcete the total cost of each se Start with tems a through next enter Hama through and lastly calculate the totals for each asset category of a box is not used in the table love the boxenety, do not enter a zero. Round percentages to two places when calculating proportions (XO), and use your computed percentages throughout Round your finalwers to the nearest wholedo) Land Sales Garage Improvements Building Building Furniture Item b . find then continue to the next question Online, Inc., opened an office in Maple Grove, Minnesota. Online incurred the following costs in acquiring land, making land improvements, and constructing and furis Click the icon to view the financial data.) The company depreciates buildings over 50 years, land improvements over 25 years, and furniture over 12 years, all on a straight-line basis with residual values of zer Read the requirements Sales Land Improvements Garage Building Item Land Building Furniture J. k n. 0 P 9. Totals Requirement 2. All construction was complete and the assets were placed in service on April 2. Record depreciation for the year ended December 31. Round to the ne irumal entries in mind intermediary calculations Only round the amount you input in the coll to the nearest dollar) Online, Inc., opened an office in Maple Grove, Meso Online incurred the following cola in ging und, making and improvements, and constructing and using the new sales buiding Click the icon to view the financial data) The company derece buildings over 50 years, and improvements over 25 years, and furniture over 12 years, all on a straight in basis with residuals of zero Read the greens Requirement 2. All construction was complete and the assets were placed in service on Art. Record depreciation for the year ended December 31. Round to the nearest dolor. Record debits first, then credits Exclude explanations from journal entries. Do not round intermediary calculations Only found the amount you input in the col to the new dolar) Start by recording the depreciation on the land improvements Journal Entry Accounts Debat Credi Dec 31 Date Next, record the sales building praction expense Journal Entry Accounts Dec 31 Debit Credit Choose from any list or enter any number in the input fields and then continue to the next Gestion Read the requirements Now record the garage building depreciation expense. Journal Entry Accounts Date Debit Credit Dec 31 Finish by recording the furniture depreciation expense. Journal Entry Accounts Date Debit Credit Dec 31 Choose from any list or enter any number in the input fields and then continue to the next question B virusly all necesse esa manager Ferment. Why wo managed to understand the concept covered in this problem? The show to me the cost of a de computation of for a variety of these which is needs to understand how costs and coons weet Managers and conditioner Choose from arystor terwy uber in the input fields and then continue to the next question ta. Online i Data Table - sales building improve a. $ 360,000 8,500 C. 31,700 700 Entry 5,200 1,100 Purchase price of land, including an old building that will be used for a garage (land market value is $325,000; building market value is $75,000) b. Grading (leveling) land. Fence around the land. d. Attorney fee for title search on the land e. Delinquent real estate taxes on the land to be paid by Online f. Company signs at entrance to the property. g. Building permit for the sales building. h. Architect fee for the design of the sales building i. Masonry, carpentry, and roofing of the sales building i Renovation of the garage building Interest cost on construction loan for sales building. Landscaping (trees and shrubs).. m. Parking lot and concrete walks on the property ishte fac the diam lot and in 100 27,230 510,000 48,270 stand the k. 9,600 1 ast 6,000 52,800 Because vil mputations Use often their but fields Print Done Data Table innesota. Onlind sales bu s, land improve C. 31,700 700 e 5,200 1,100 h 100 27,230 510,000 Dense. ournal Entry 48,270 j ts Fence around the land. d. Attorney fee for title search on the land Delinquent real estate taxes on the land to be paid by Online f. Company signs at entrance to the property... 9. Building permit for the sales building ... Architect fee for the design of the sales building i. Masonry, carpentry, and roofing of the sales building.. Renovation of the garage building k. Interest cost on construction loan for sales building. 1. Landscaping (trdes and shrubs). m. Parking lot and concrete walks on the property n. Lights for the parking lot and walkways 0. Salary of construction supervisor (81% to sales building: 10% to land improvements; and 9% to garage building renovations) Office furniture for the sales building ... 4. Transportation and installation of furniture 9,600 6,000 52,800 8,000 understand the 47.000 79,700 Beca of a ass P. 1,500 Use ofter and computations the input fields Print Done d. Attorney fee for title search on the land 700 * Requirements 1. Identify the proper account (Land, Land Improvements, Sales Building, Garage Building, or Furniture) for each of the costs listed in the problem. Calculate the total cost of each asset. 2. All construction was complete and the assets were placed in service on April 2. Record depreciation for the year ended December 31. Round to the nearest dollar 3. Why would a manager need to understand the concepts covered in this problem? Print Done fin finiture for the sales building 79.700 Because