The owner of Cheetle Moving and Storage incurred the following costs in acquiring land, making land improvements, and constructing and furnishing the company's office building in the year ended December 31, 2020:

Cheetle Moving and Storage amortizes buildings over 35 years, land improvements over 15 years, and furniture over 5 years, all on a straight-line basis with zero residual value.
Required 1. Set up columns for Land, Land Improvements, Office Building, Garage Building, and Furniture. Show how to account for each of Cheetle Moving and Storage's costs by listing the cost under the correct account. Determine the total cost of each asset.
2. Assuming that all construction was complete and the assets were placed in service on June 30, record amortization for the year ending December 31, 2020. Round final amounts to the nearest dollar.

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a. Purchase price of four hectares of land, including an old build- ing that will be used for a garage (land appraised market value is $450,000; building appraised market value is $50,000) b. Additional dirt and earth moving c. Fence around the boundary of the land d. Legal fee for title search on the land e. Real estate taxes in arrears on the land to be paid by Cheetle Moving and Storage $400,000 8,000 25,000 2,000 4,800 f. Company signs at front of the company property 4,000 g. Building permit for the office building 2,000 h. Architect fee for the design of the office building 75,000 i. Masonry, carpentry, roofing, and other labour to construct office building 850,000 j. Concrete, wood, steel girders, and other materials used in the construction of the office building 650,000 k. Renovation of the garage 30,000 1. Flowers and plants 15,000 m. Parking lot and concrete walks on the property 48,500 n. Lights for the parking lot, walkways, and company signs 14,500 o. Salary of construction supervisor (95 percent to office building 100,000 and 5 percent to garage renovation) p. Office furniture for the office building 160,000 q. Transportation and installation of office furniture 2,500