Logic Co. recently negotiated a lump-sum purchase of several assets from a company that was going out of business. The purchase was completed on March 1, 2020, at a total cash price of $1,260,000 and included a building, land, certain land improvements, and 12 vehicles. The estimated market values of the assets were building, $652,800; land, $462,400; land improvements, $68,000; and vehicles, $176,800. The companys fiscal year ends on December 31. Required: 1. Complete the following schedule to allocate the lump-sum purchase price to the separate assets that were purchased. Also present the journal entry to record the purchase. 2. If the building will be used for the next ten year with no salvage value, how much will be the first depreciation expense using straight-line and double declining. 3. the vehicles will be expected to drive at maximum 105,000 kilometer with $5,000 salvage value. If the first usage was 25,000 kilometers, how much will be Logics depreciation expense