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[ The following information applies to the questions displayed below. ] On January 1 , Mitzu Company pays a lump - sum amount of $
The following information applies to the questions displayed below.
On January Mitzu Company pays a lumpsum amount of $ for land, Building Building and Land
Improvements Building has no value and will be demolished. Building will be an office and is appraised 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.
Required:
Allocate the costs incurred by Mitzu to the appropriate columns and total each column.
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