Required information [The following information applies to the questions displayed below.] 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. Bullding 2 will be an office and is appraised at $630,000, with a useful life of 20 years and a $85,000 salvage value. Land improvements 1 is valued at $600,000 and is expected to last another 20 years with no salvage value. The land is valued at $1,770,000. The company also incurs the following additional costs. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of Building 2. Note: Enter debits before credits. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of Building 3. Note: Enter debits before credits. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of Land Improvements 1 . Note: Enter debits before credits: Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of Land Improvements 2 . Note; Enter debits before credits