Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of Land Improvements 1 . Note: Enter debits before credits. Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of Land Improvements 2. Note: Enter debits before credits. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of Building 2. Note: Enter debits before credits. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of Bullding 3. Note: Enter debits before credits. Journal entry worksheet Record the cost of the plant assets, paid in cash. Note: Enter debits before credits. Required information Problem 8-3A (Algo) Asset cost allocation; straight-line depreciation LO C1, P1 [The following information applies to the questions displayed below] On January 1, Mitzu Company pays a lump-sum amount of $2,700,000 for land, Bullding 1, Buliding 2, and Land Improvements 1. Building 1 has no value and will be demolished. Building 2 will be an office and is appraised at $549,000, with a useful life of 20 years and a $75,000 salvage value. Land improvements 1 is valued at $579,500 and is expected to last another 19 years with no salvage value. The land is valued at $1,921,500. The company also incurs the following additional costs. Cost to demolinh Building 1 cost of additional land gradieg Cont to conntruct Buflding 3, having a useful life of 25 years and a 5400,000 alvage value Cost of new Land Improvenents 2 , having a 29-year uteful iffe and no salvage value 5 344,400 193,400 2,202,000 168,000