J. Ietbrd the yournal entry for the exchange of assets on March 15, 2018. Assume the > Problems Group A Determining asset cost and recording partial-year straight-line P9-30A Discount Parking, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small building Purchase price of three acres of land 80,000 a. b. Delinquent real estate taxes on the land to be paid by Discount Parking. c. Additional dirt and earthmoving d. Title insurance on the land acquisition e. Fence around the boundary of the property f. Building permit for the building g. Architect's fee for the design of the building h. Signs near the front of the property i. Materials used to construct the building j. Labor to construct the building k. Interest cost on construction loan for the building I. Parking lots on the property m. Lights for the parking lots n. Salary of construction supervisor (80% to building: 20% to parking lot 6,300 9,000 3,200 9,600 1,000 20,700 9,300 215,000 175,000 9,400 28,500 11,200 50,000 and concrete walks) o. Furniture p. Transportation of furniture from seller to the building q. Additional fencing 11,200 2,200 6,600 Discount Parking depreciates land improvements over 15 years, buildings over 40 years, and furniture over 10 years, all on a straight-line basis with zero residual value