For the following scenario, identify the major GAAP involved (please note that there may be more than one involved) then explain how it applies. With each scenario there are multiple correct GAAPs that may apply. You must fully explain how the GAAP applies to the scenario to receive full marks. Mr Burns, the owner of a small firm, bought himself a new camper trailer to use for his family's vacations. Since he used the money earned from his business, he recorded this transaction in company books. For the following scenario, identify the major GAAP involved (please note that there may be more than one involved) then explain how it applies. With each scenario there are multiple correct GAAPs that may apply. You must fully explain how the GAAP applies to the scenario to receive full marks. Company ABC has found out that its main office building, listed as $200,000 on the company's balance sheet, is situated on contaminated soil and needs to be destroyed or removed in order to fulfill legal obligations. The financial reports have no information in this matter