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Required informanion add toneticost? Cput is deselish Beilding: 1 Cost of anitisienal land jistime. Journal entry worksheet Aecerif the yesperat iffusting entry lor the deprediation

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Required informanion add toneticost? Cput is deselish Beilding: 1 Cost of anitisienal land jistime. Journal entry worksheet Aecerif the yesperat iffusting entry lor the deprediation rojeras of Bisung 3. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of Building 3. Note: Enter debits before credits. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of Land Improvements 1. Note: Enter debits before credits. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of Land Improvements 2. Note: Enter debits before credits. Required information [The following information applies to the questions displayed below] On Jahuary 1, Mitzu Company pays a lump-sum amount of $2,700,000 for land, Building 1, Buiding 2, and Land improvements 1. Building 1 has no value and will be demolished. Building 2 will be an office and is appraised at $810,000. with a useful life of 20 years and a $90,000 salvage value. Land improvements 1 is valued at $330,000 and is expected to last another 11 years with no salvage value. The land is valued at $1,860,000. The company also incurs the following additional costs. Cost to denolish Eurlding 1 cost of additional land arading cost to construct Euilding 3, having a useful 1ife of 25 years and a. 5402,000 salvage value cost of neu land improveeents 2 , having a 20 -year useful life and ne salvage value 5. 342,400 187,406 2,262,000 173,890 3. Using the straight-line method, prepare the December 31 adjusting entries to record depreciation for the first year these assets were in use. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of Bullding 2. Note: Enter debits before credits. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of Building 3. Note: Enter debits before credits. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of Land improvements 1. Note: Enter debits before credits. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of Land Improvements 2. Note: Enter debits before credits

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