3 Required Information The following information applies to the questions displayed below) Harding Corporation acquired real estate that contained and building and equipment. The property cout Harding $1615.000. Harding paid $420,000 and issued a note payable for the remainder of the cout. 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 value will be recorded for the building Multiple Choice St. 320.000 3807,500 $210,000 O $295,000 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 Cash Notes payable 444,000 1,320,000 876,000 420,000 2,220,000 Land Building Equipment Cash Notes payable Gain on purchase of long-term aseta 444,000 1,320,000 076,000 1,195,000 420.000 1.025,000 O Land Building Equipment Cash Botes payable 274,550 807,500 532,950 420,000 1,195,000 Assume that Harding uses the units of production method when depreciating its equipment Harding estimates that the purchased equipment will produce 1070,000 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 $222,684 $219.90 $130.000 OS.COM