The following information applies to the questions displayed below] In January 2015, Mitzu Co. pays $2,750,000 for a tract of land with two buildings on it. It plans to demolish Building 1 and build a new store in its place. Building 2 will be a company office; it is appraised at $540,000, with a useful life of 20 years and a $80,000 salvage value. A lighted parking lot near Bullding 1 has improvements (Land Improvements 1) valued at $540,000 that are expected to last another 18 years with no salvage value. Without the buildings and improvements, the tract of land is valued at $1,920,000. The company also incurs the following additional costs: Cost to demolish Building 1 342400
Cost of additional land grading 193400
Cost to construct new building (Building 3), having a useful life
of 25 years and a $402,000 salvage value 2222000
Cost of new land improvements (Land Improvements 2) near Building 2
having a 20-year useful life and no salvage value 168000
Required:
1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column. (Round your percentage answers to the nearest whole number.)
2. Prepare ournal entery to record all the incurred costs assuming they are paid in cash on anuary 1 2015.
3. Using straight line method prepare December 31 adusting entries to record depreciation for 12 months of 2015 when these assets were in use.

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.

answer when little or no data is available;

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