+ Required information of 3 [The following information applies to the questions displayed below.] Book Print erences On January 1, Mitzu Co. pays a lump-sum amount of $2,650,000 for land, Building 1, Building 2, and Land Improvements 1. Building 1 has no value and will be demolished. Building 2 will be an office and is appraised at $701,500, with a useful life of 20 years and a $80,000 salvage value. Land Improvements 1 is valued at $579,500 and is expected to last another 19 years with no salvage value. The land is valued at $1,769,000. The company also incurs the following additional costs. Cost to demolish Building 1 Cost of additional land grading Cost to construct Building 3, having a useful life of 25 years and a $402,000 salvage value Cost of new Land Improvements 2 having a 20-year useful life and no salvage value $ 346,400 193,400 2,262,000 173,000 Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column. 4 Required: Part 1 of 3 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column. Percent of 714 points Allocation of purchase price Appraised Value Total Appraised Value Total cost of acquisition Apportioned Cost Land Building 21 Book Land Improvements 1 Prime Totals Seferences Purchase Price Demolition Land grading New building (Construction cost New improvements Land Land Building 2 Building 3 Land Improvements 1 Improvements 2 5 Next Help Save & Chen Chapter 086 4 Part 1 of 3 714 points Required information Land Building 2 Land Improvements 1 Totals Purchase Price ebook Demolition Print Land grading Deferences New building (Construction cost) New improvements Totals Saved Help Land Land Land Building 2 Building 3 Improvements 1 Improvements 2