The folowing poyments and receyots are ielated to land, land improvements, and buldings acquiced tor use in a wholesale oetamic businest. The roceipts are identifed by an asterisk? newt to the linm lotter: Requiled: Entor recepts as negative anounts inting the minus sign deprociated. Explan this seemingly conerasketary applisation of the concept of depreciation 4. What would be the effect on the noone statement and batance sheet it the colt of filing and gradhy land of 512,000 fropment 01 was incorrectly elatsified as Land improvements rather than Land? Assume Land improvernonts are dppreclated over a 20 -year ite using the double-declning baklunce method. keAssignment/takeAssignmentMain.do?invoker=\&takeAssignmentSessionLocator=\&inprogress=false eBook Allocating payments and recelpts to flxed asset accounts Allocation to Fixed Asset Accounts I Final Questions Cheok My Work All work saved. Instructions