5) On July 1 2018, Mark Incorporated acquired assets in a lump-sum purchase by paying $1,200,000 in cash. Information related to the assets is below. (5 points) Salvage value Useful life Depr. Method Land Bldg. Equipment Appraisal value 280,000 910,000 210,000 DDB 160,000 6,000 10 4 S-Y-D Required: Prepare the journal entry to record the purchase. 6) Refer to the data in the previous question. (20 points) A. Calculate the depreciation expense for the building for all years. B. Calculate the depreciation expense for the equipment for all years. (Be sure to begin with the correct asset cost from your calculation in question 5)