Chapter 7 Barbara Jepsen, controller of Eastern Diversified Services (EDS) needs your help with some depreciation schedules. EDS has the following information available: EDS paid $450,000 for a tract of land, a building and a truck. Other information on the assets are as follows: Asset Land Estimated Market Value 150,000 Estimated Residual Value n/a Depreciation Method n/a Estimated Useful Life n/a Building 210,000 15% of cost Straight Line Truck 125,000 20% of cost Units of Production 150,000 or 10 years 10 years In order to prepare the proper depreciation schedule, use the following estimated miles for the truck over the next ten years: Year 1 2 3 4 5 6 7 8 9 10 Miles 21,231 19,587 17,825 18,257 11,587 13,587 14,658 14,358 11,459 7,451 Required . Allocate the $450,000 purchase price between the land, building and truck. Prepare a depreciation schedule for the building using the straight line method Prepare a depreciation schedule for the truck using the straight line method Prepare a depreciation schedule for the truck using the units of production method