Durias 202 a the following fefected onhtranactions occurted. Ape 1. Purchased land for 94314200 May 1 Sold equlpment that cost 31.176.600 when purchased en laruary 1.2019.The equipment was sald for S.313.170 Ame 1. Sold tand for $3,137,000 The land coit 31.961.000. July 1 Purchased equipment for 52157,100 . (a) no salvage walue the equipenent is estimated to huye a 10 -year useful life and no salvace value Update depreciation on asshts