2 Required information The following information applies to the questions displayed below) Pert 1 of...
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2 Required information The following information applies to the questions displayed below) Pert 1 of 3 build a new store in its place. Building 2 will be a company office; it is appraised at $630,000, with a useful life of 20 years and a $70,000 salvage value. A lighted parking lot near Building 1 has $510,000 that are expected to last another 17 years with no salvage value. Without the buildings and improvements, the tract of land is valued at $1,860,000. The company also incurs the following additional costs: 25 poines Land I Cost of additional land grading Cost to construct new building (Building 3), having a useful life of 25 years Cost of new land improvements (Land I 185,400 nprovesents 2) near Building 2 having a 20-year useful life and no salvage value 173,000 References 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column. Total AppraisedX Total cost of acquisition Value
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