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Required Information [ The following information applies to the questions displayed below. ] On January 1 , Mitzu Company pays a lump - sum amount
Required Information
The following information applies to the questions displayed below.
On January Mitzu Company pays a lumpsum amount of $ for land, Bullding Bulding and
Land Improvements Building has no value and will be demolished. Bullding will be an office and is
appralsed at $ with a useful life of years and a $ salvage value. Land Improvements is
valued at $ and is expected to last another years with no salvage value. The land is valued at
$ The company also incurs the following additional costs.
Cost to demolish Building
Cost of additional land grading
Cost to construct Building having a useful life of years and a $ salvage value
Cost of new Land Improvements having a year useful life and no salvage value
zequired:
I. Allocate the costs incurred by Mitzu to the approprlate columns and total each column.
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