Problem H-4 Hb 302 SS 2020 Part 1 Arbeiten Company exchanged one of their trucks and $10,000 cash for a new truck. The old truck cost them $50,000 and had accumulated depreciation of $18,000. The new truck had a list price of $28.000 Required: Joumalize this exchange. Part 2 For the year 20x1, the Landmark Restaurant had sales of $800,000 and expenses of $700.000 excluding depreciation. The building is being leased and the only depreciable asset is equipment in the amount of $100,000. The equipment has a life of ten years with zero salvage value. Required: Calculate the earnings before tax for 20x1 it: 1. The equipment is depreciated under straight-line depreciation. 2. The equipment is depreciated under double declining balance depreciation Part 3 Empire Hotels recently purchased a parcel of land, a building, and some furnishings for $1,200,000 cash. The land was appraised at $400,000, the building at $1.400.000, and the furnishings at $200,000 Required: Journalire the entry to record this lump sum purchase