On January 1, the Matthews Band pays $65,400 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $1,000. Matthews Band uses straight-line depreciatipn but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is not changed. Compute the revised depreciation for both the second and third years. A company poid $165,500 for property. The property included and opproised at $87,500, and improvements appraised at $35,000, and a building appraised ot $52,500. What should be the allocotion of this property's costs in the company's accounting records? Musiple Chouce Land $75,000; Land improvements, 530,000 ; Building, $45,000 Land $75,000; Land improvements, $30,800; Buliding, $46,200 Land $82,750, Land improvements, $33,100; Bullding, 549,650 Land $90.250; Land improvempents; 532,500; Buliding $48.150. Land $7,500; Land ingrovements; 531,000, fluiding, $46,500