Required information

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On January $1,$ Mitzu Company pays a lump$-$sum amount of $$2,650,000$ for land, Building $1,$ Building $2,$ and Land Improvements $1.$ Building $1$ has no value and will be demolished. Building $2$ will be an office and is appraised at $$810,000,$ with a useful life of $f$ years and a $$80,000$ salvage value Land improvements $1$ is valued at $$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 demolish Building $1$

Cost of additiona: land grading

$$339,400$

$189,400$

$2,302,000$

$168,000$

Cost to construct Building $3,$ having a useful life of $25$ years and a $$402,000$ salvage value $2,302,000$

cost of new Land Improvements $2,$ having a $20-$year useful life and no salvage value

Required:

Allocate the costs incurred by Mitzu to the appropriate columns and total each column.

$\backslash$table$[[$Allocation of Purchase Price,$\backslash$table$[[$Appraised$],[$Value$]],\backslash$table$[[$Percent of$],[$Total$],[$Appraised$],[$Value$]],,\backslash$table$[[$Total cost of$],[$acquisition$]],x=,$Apportioned Cost$],[$Land$,,,\sqrt[\phantom{2}]{x},,=,,],[$Building $2,,,x,,=,,],[$Land improsements $1,,,x,,=,,],[$Totals $7,,,,,,,],[$Purchase Price,Land,Building $2,,$Building $3,,\backslash$table$[[$Land$],[$Improvements $1]],\backslash$table$[[$Land$],[$Improvements $2]]],[$Demolition$,,,,,,,],[$Land grading,,,,,,,$],[$New building $($Construction cost$),,,,,,,],[$New improvements,,,,,,,$],[$Totals$,,,,,,,]]$