Required information Problem 8-3A (Algo) Asset cost allocation; straight-line depreciation LO C1, P1 [The following information applies to the questions displayed below] On January 1, Mizzu Company pays a lump-sum amount of $2,750,000 for land, Building 1, Bullding 2, and Land Improvements 1. Building 1 has no value and wil be demolished. Building 2 wil be an office and is apprased at 5854,000 . with a useful life of 20 years and a $80,000 salvage value. Land improvements 1 is yalued at $244,000 and is orpected to last another 8 years with no salvage value. The land is valued at $1,952,000. The company aiso incurs the foliowing addivonal costs. Cost to demotish building 1 Cost of additional land grading Cost to construct building 3, having a useful life of 25 years and a s39e, 600 satvage vatue Cost of new Land leprovecents 2, having a 20-year useful tife and no latvage value 136,400 191,403 2,242,000 173,090 Problem 8-3A (Algo) Part 1 Required: 1. Allocate the costs incurred by Mitzu to the appropriote columns and total each column. additional costs. Cost to demolish Buitding 1 Cost of additional land grading Cost to construct Building 3, having a useful-life of 25 years and a $398,000 salvage value 2,242 , 00a Cost of new Land Improvements 2, having a 20-year useful life and no salvage value Problem 8-3A (Algo) Part 1 Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column. additional costs Cost to denolish 8uitding 1 Cost of new Land Improvenents 2 , having a 20-year useful life and no salvage value 2,242,060 Problem 8-3A (Algo) Part 1 Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column. additional costs. Cost to demolish Building I Problem 8-3A (Algo) Part 1 Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column