ET-ISA (Looming Objective 1:Deternrltting the cost of PPE] fryer Self Storage purchased land, poplin; $135,000 cash as a downpatrment and signing a $190,000 note payable for the balance. nyer also had to pay delinquent property tax of $3,500, title insuranoe nesting $3,000, and $0,000 to level the land and remove an unwanted building. The company paid $59,000 to add soil {or the foundation and then constructed an ofce building at a cost of $650,000. [1 also paid $55,000 for a fence around the property, $14,000 for the company sign near the property entrance, and $8,000 {or lighting of the grounds. Determine the cost of Ayer's land, land improvements, and building. tar-see {Lcmhtg Objectives 1, 2, 3: Mounting at EFF: oust; not; UOP deprecioml; trading in a used asset) EuroTruck Compton:r is a large trucking oomponjr that operates throughout the EU. Euronclt CompanyI uses the units-oE-production {UGPl method to depreciate its trucks. 1 _ EmoTruelt Company trades in trucks often to Incepdrtret morale high and to maximize fuel economy. Consider dies: facts about one Mack truck in the company's eet. When enquired in lxo, the rig cost 30,000 and was expected to remain in service {or 10 years or 1,000,000 miles. Estimated residue! volue was 6100,\". During 2036, the truck was driven H.000 miles; during 20H, 11?,000 miles; and during 20KB, 15?,000 miles. After 41,000 miles in 20103, the company traded in the Mack total: for a less expensive Freightliner with a sticker price oi l300,000. Euro'l'ruck Company paid cash a!" 25,000. Detes'ttnne EnroTntclt's gain or loss on the transaction. Prepare the journal entry to reoord the trade-tn of the old tmclt on the new one. I'll sue-1