I NEED THE FOLLOWING JOURNAL ENTRY PLUS EXPLANATION FOR THE BELOW

The following independent transactions took place for a retail company:

Paid $5,000 for a sewage system, $15,000 for a parking lot, $1,000 to tear down a shack on the land just purchased, and $10,000 for a block wall.

Purchased a truck two years ago for $18,000 with an original six-year estimated useful life and $3,000 residual value. After two full years of use, the residual value was revised to $4,000 and the useful life was revised to a total of seven years. Record the depreciation for the third year assuming the straight-line method.

Purchased a machine on May 1, 2007 for $15,000. The machine has an estimated useful life of 10,000 hours and no residual value. Record depreciation for 2007 under the production method assuming the machine was used for 2,000 hours during 2007. The company uses a calendar-year reporting period.