3 Required Information The following information apples to the questions displayed below) Harding Corporation acquired real estate that contained and building and equipment. The property cost Harding $1615,000. Harding pald $420,000 and issued a note payable for the remainder of the cost An appraisal of the property reported the following values: Land, $444,000: Building, $1,320,000 and Equipment, $876,000. (Round percentages to two decimal placest le .054-5) ta SEAS What value will be recorded for the building Multiple Choice $120,000 $807.500 $210.000 $295.000 Required information (The following information applies to the questions displayed below) Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,615,000. Harding paid $420,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $444,000; Building. $1,320,000 and Equipment, $876,000. (Round percentages to two decimal places: le .054 - 5%). What journal entry would be used to record the purchase of the above assets? Multiple Choice Land Building Equipment Cash 444,000 1,320,000 876,000 2,640,000 Land Building Equipment Caan Hotes payable 444,000 1.320.000 875,000 420.000 2,220,000 Land Building Equipment Cash Notes payable Gain on purchase of long-term assets 444,000 1,320,000 876,000 1,195,000 420,000 1,025,000 Land Building Equipment Cash Notes payable 274,550 807,500 532,950 420,000 1,195,000 Required Information [The following information applies to the questions displayed below) Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,615.000. Harding paid $420,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $444,000; Building. $1,320,000 and Equipment, $876,000. (Round percentages to two decimal places: le .054 - 5%). Assume that Harding uses the units-of-production method when depreciating its equipment. Harding estimates that the purchased equipment will produce 1,070,000 units over its 5-year useful life and has a salvage value of $18,000. Harding produced 272,000 units with the equipment by the end of the first year of purchase. Which amount below is closest to the amount Harding will record for depreciation expense for the equipment in the first year? Multiple Choice 5222,684 $218.308 $30.903 5115