Required Information

$[$The following information applies to the questions displayed below.$]$

On January $1,$ Mitzu Company pays a lump$-$sum amount of $$2,600,000$ for land, Bullding $1,$ Bullding $2,$ and Land

Improvements $1.$ Bullding $1$ has no value and will be demolished. Bullding $2$ will be an office and is appralsed at $$619,500,$

with a useful life of $20$ years and a $$85,000$ salvage value. Land Improvements $1$ is valued at $$590,000$ and is expected to

last another $20$ years with no salvage value. The land is valued at $$1,740,500.$ The company also incurs the following

additional costs.

Required:

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