part b only please

On April 7, 2024, Crane Corporation purchased two excavators at auction for a combined total cost of 3938,000 . The excavators were listed in the auction catalogue at $138,000 for excavator A and $284.000 for excavator D. Immedisely after the auction, Crane had the cocavators professlonally appralsed so it could purchase adequate irkurance coverage. The apprathal put a fair value of 5112,520 onexcavator A and $275,480 en excavator B On April 10, Crane paid a total of $4.000 in transportation charges for the two exemators. On April28, Crane paid \$9.000 for improvements to excivator B and no further expenditures were made for excavator A. On April 30, 2024, both excavators were ready to be usied, The company espects excivator A to last eight years and to have a residual value of $7.800 when it la removed from service, and it expects excavator B to be useful for slx more years and have a resldual value of $19,300 at that time Due to the differentcharacteristies of the two excivators, different depreciation methods wall be used for them crcavator A will be depreciated using the double-diminishing-balance method and excavator B usine the straicht-tine method. (a) - Your antwerkidially correct. Prepare the journal entry to recoed the purchase of the excavators, indicating the init al cost of each frasit account titier wer. Prepare the journal entries to record the transportation, installation, and improvement costs for each excavator. fifecord entries in the onder dipoloped it the problem statement Credt acoount Lites gre automaticaily hidcatid when the anount is entered. Do not indent entriess