Pravin's Pottery had the opportunity to purchase the following assets on October 1st 2020: Land Building Kilns Truck Total ?? Due to his incredible negotiating skills, Pravin was able to purchase all of these assets for $800,000. $500,000 250,000 85.000 76,000 a) Journalize the purchase of these assets on October 1 2020. b) The following information pertains to depreciation: Straight Line method Declining Balance; 20% Double Declining Balance Journalize the year end depreciation on December 31 2020. c) On November 1 2021, Pravin traded in his old Truck for a new Truck with a list price of $95,000. The trade-in on the old Truck was 48,000; the FMV of the old truck was $35,000. a. Building: b. Kilns: c. Truck: Journalize the Trade-In on November 1 2021. SV = 25,000 SV = 8,000 SV = 10,000 EUL: 20 years EUL: 12 years EUL: 8 years