Please explain the steps because I'm confused on how to do these (not 17)

20. Stevenson Corporation acquires a one-year-old building at a cost of $500,000 on January 1, 2018. The building has an estimated useful life of 50 years. However, based on reliable historical data, the company believes carpeting will need to be replaced in 5 years, the roof will need to be replaced in 15 years, and the HVAC system will need to be replaced in 10 years. On the date of acquisition, the cost to replace these items would have been carpeting, $10,000; roof, $15,000; HVAC system, $30,000. Assume no residual value. Required: Determine amount to be recognized as depreciation expense on December 31, 2018, related to this building, Question #17. Treatment of Accumulated Depreciation Upon Revaluation: Assume Globe Inc. has buildings that cost $1,400,000, with accumulated depreciation of $700,000 and carrying amount of $700,000. Globe Inc. determines the market value for the buildings is $800,000 as of December 31st. Required: Complete the required December 31st journal entry based on the new market valuation. Show your work. Then, journalize. Account Name Debit Credit 18. Beech Corporation has three finished products (related to three different product lines) in Its ending inventory at December 31, 2017. The following table provides additional information about each product: Product 101 202 303 Cost $130 $160 $100 Replacement Cost $175 $145 Selling Price $190 $160 $130 Normal Profit Margin 20% 20% 15% $100 Beech Corporation expects to incur selling costs equal to 5 percent of the selling price on each of the products. Required: Determine the amount at which Beech should report its inventory on the December 31, 2017, balance sheet under (1) IFRS) and (2) U.S. GAAP. (Show your work)