. Fields Corporation recently purchased the following assets on July 1, 2021 paying $700,000 for all three assets. The fair market values and other information is as follows: Equipment Building 400,000 Truck Fair Value 220,000 180,000 Residual Value 50,000 20,000 Estimated Life 40 years Depreciation Method 30,000 318,750 miles Units of Production 10 years Double Declining Balance Straight Line Required Calculate the cost of all three assets. Prepare the first two years of the depreciation schedules for all three assets. The truck was driven 17,500 miles in year 1 and 40,000 miles in year 2 Building Cost of Asset Equipment Truck