Required information Problem 8-3A (Algo) Asset cost allocation; straight-line depreciation LO C1, P1 [The following information applios to the questions displayed below] On Jonuary t, Mitru Company pays a lump-sum amount of \$2,600,000 for land, Building 1, Building 2, and Land improvements 1. Bulling 1 has no value and will be demolshed. Buolding 2 will be an office and is appraised at $750,000, with useful Le of 20 years and a 570,000 salvinge value. Land improvements 1 is vafued at $480,000 and is expocted to last another 16 years with no salvoge value. The land is valued at $1770,000. The company also incurs the following additional costs. Cont to denolinh Butiding i Cobt of adutitinst lans cradsity 544,460129,4002,202,000172,000 Problem 8-3A (Algo) Part 1 Pegulred: 1. Alocate the costs incurred by M tru to the apprepeiate cohumns and total esch column. Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column