salos building Assume Online, Inc., opened an office in Westervito, Ohio Online incurred the followng costs in acquiring land, making land improvements, and constructing and furnishing the now Click the icon to www the financial data) Assume Online depreciates buildings over 50 years, tand improvements over 15 years, and furniture over 12 years will on a straight line basis with zero residual value. Requirement 1. Show how to account for each of Online's costs by listing the cost under the correct account. Determine the total cost of onch asset Start with itoms a through, nextenter tems through and tasty calculate the totals for each asset Category of a box is not used in the table love the box emply do not necta label or entor a zoro Round percentages to two places when calculating proportions XXX") and use your computed percentages throughout. Round your final answers to the nearest whole dollar Assume Online, Inc, opened an omice in Westerville, Ohio Online incurred the following costs in acquring land, making and improvements, and constructing ang humining the new sales bulling Cack the icon to view the financial data Assume Online depreciates dunongs over 50 years, and improvements over 15 years, and furniture over 12 years, all on a straight line bases with zero residuat value Read the requirements Item Land Improvements Building Building Furniture D a a Purchase price of land, including an old building that will be used for a garage (land market value is $310,000, building market value is $90,000) Grading (leveling) land Fence around the land $ 340,000 b 8,600 31,700 d 900 5,200 Attomey fee for title search on the land Delinquent real estate taxes on the land to be paid by Online Company signs at entrance to the property Bullding permit for the sales building 1.500 300 g 19,760 512,000 40,160 9,400 6,800 h. Architect fee for the design of the sales building 1. Masonry, carpentry, and roofing of the sales building. 1 Renovation of the garage building k. Interest cost on construction loan for sales building 1. Landscaping (trees and shrubs). m. Parking lot and concrete walks on the property Lights for the parking lot and walkways Salary of construction supervisor (86% to sales building, 8% to land improvements, and 6% to garage building renovations) p. Office furniture for the sales building 52,500 7,200 0 39,000 79,500 p. 79,500 +1 Office furniture for the sales building Transportation and installation of furniture . 2.100 1. Show how to account for each of Online's costs by listing the cost under the correct account. Determine the total cost of each asset. 2. All construction was complete and the assets were placed in service on April 2. Record depreciation for the year ended December 31. Round to the nearest dollar. 3. How will what you learned in this problem help you manage a business