On July 1, 2025, Sheffield Senior Living completed the installation of a solar panel system at their location. The purchase price of the system was $240000 and installation costs amounted to $75000. How should Sheffield treat this installation? Increase the existing recorded cost of the building by $240000 Record a building improvement of $315000 as a separate asset Increase the existing recorded cost of the building by $315000 Record a land improvement of $315000 as a separate asset