On July 1 ABC Company made a basket purchase in which they paid $200,000 for 3 assets. Information regarding the purchase is given below: Appraisal Value Building $ 99,000 Land $ 88,000 Equipment $ 33,000 The Building account will be debited for what amount when preparing the journal entry for this purchase? Question 4 3 pts On January 1. Year 1, Vaughan Company purchased equipment for $276,000. Freight charges amounted to $12,000 and there was a cost of $24,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $60,000 salvage value at the end of its 4-year useful life. Depreciation expense each year using the straight- line method will be