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Carver incorporated purchased a bullding and the land on which the building is situated for a total cost of $814,900 cash. The land was appraised at $206,170 and the bullding at $730,965 Requlred: a. What is the accounting term for this type of acquisition? b. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building. c. Would the company recognize a gain on the purchase? d. Record the purchase in a honzontal statements model, Complete this question by entering your answers in the tabs below. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building. Note, Do not round intermediate calculations. Roond your final answers to nearest thele dollar. Required Informetion The following information applies to the questions displayed belowj At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $130,000. it is expected to have a five-year ife and a $20,000 salvage value. Required: 0-1. Compute the depreciation, assuming that the company uses straight-ine depreciotion. 0.2. Compute the depreciation for each of the five years. assuming that the company uses double-declining-balance depreciation. Complete this question by entering your answers in the tabs below. Compute the depreciation, assuming that the company uses straight-line depreciation, Requlred Information [The following information applies to the questions displayed below] At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $130,000. It is expected to hove a five-year life and a $20,000 salvage value. b. Record the purchase of the computer system and the depreciation expense for the first year under straight-line and doubledecining-balance methods in a financial statements model. Note: In the Stetement of Cash Flows column, use the Initials OA to designate operating activity, IA for investing activity, FA for financing activity, ond NC for net change in cash. Enter any decreases to occount bolonces and cesh outtiows with a minus sign. Not oll cells require input. Colorado Mining pald $600,000 to acquire a mine with 50,000 tons of cool reserves. The financlal statements model in Requited B reflects Colorado Mining's financlai condition just prior to purchasing the coal reserves. The company extracted 26,250 tons of coal in year 1 and 22,500 tons in year 2 Reculred: a. Compute the depletion charge perton b. Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. Complete this question by entering your answers in the tabs below. Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. Note in the Statement of Cash, Flows column, use the initials OA to designate operating activity, IA for investing activity. and FA for financing activity. Enter any decreases to account balances and cash outflows with a minus sign. Not ali cells require input. Hound final aciswers to the nearest whole dellar amount- Dynamo Monvfacturing pacd cach to acquile the astets of an eosang company Aniong the assets occured vere the following items: Patent with a remsintre ytirs of aezal 1169 cososilis Requlred: 5. Compute the annual amontizonon expense for these items b. Pecord the acquistoon of the satangble assets and the reiated amortmobon empence for vear 1 in a honzonta stotements modic! Complete this question by entering yos answers in the tabs below: The Paris Corporation incurred $3,400,000 of research cost and $2,600,000 of development cost during the current year. Requlred Q. Determine the amount of expense recognized on its income statement assuming Paris uses U.S. GAAP. b. Determine the amount of expense recognized on its income statement assuming Paris uses IFRS