Barberino Corpotion purchased land and a building for $1.700,000. An appraisal indicates that the land's market value is 3700,000 and the building's market value is 51,300,000. Wher recording this transaction Barbaring should debit (Do not found any intermediary calculations, and round your final anwer to the newest do OA Land for $700.000 On Building for $1,300,000 OC Land for $605,000 OD Building for $1,700,000 On January 2, 2019, Kellogg Corporation equired equipment for $400,000. The estimated life of the equipment is 5 years or 50.000 hours. The estimated residual value is $20,000. What is the book value of the asset on December 31, 2020. if Kellogg Corporation uses the straight line method of depreciation? (Round w intermediary calculations to two decimal places and your final arter to the nearest dollar) O A $324,000 OB 5400,000 OC. $380,000 OD. $248,000