E8-4 Computing and Recording Cost and Depreciation of Assets in a Basket Purchase (\$traight-Line Depreciation) LO8-2, 8-3 the land, $170,000, and building, $510,000 before renovation. Required: 1. Apportion the enst of the property on the basis of the appraised values. (Input all amounts as positive values.) "No journal entry required" in the first account field.) Journal entry worksheet Nuta: Enter debits before crudite. 4. What would be the carrying amount of the property (building and land) at the end of year 2