January 2010, giant green company pays $3,000,000 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 $742,000, with a useful life of 25 years and a $75,000 salvage value. a lighted parking lot near building 1 has improvements (land improvements 1) valued at $400,500 that are expected to last another 18 years with no salvage value. without the buildings and improvements, the tract of land is valued at $2,020,600. giant green also incurs the following additional costs: what is the amount that should be recorded for building #2?
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January 2010, giant green company pays $3,000,000 for a tract of land with two buildings on it. it p...
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