Question 1 (3 marks). Record and analyze accounting for PPE, Intangibles, and Liabilities. - Assume Online, Inc., opened an office in Durban, South Africa. -Further, assume that Online incurred the following costs in: - Acquiring land, - Making land improvements, and - Constructing \& furnishing the new building: - Assume Online depreciates: - Buildings over 40 years, - Land improvements over 20 years, - Furniture over 10 years, -All on a straight-line basis with zero residual value. Requirements 1. Determine the total cost of each asset. 2. All construction was complete, and the assets were placed in service on May 2. Record depreciation for the year ended December 31, 2016. Round to the nearest dollar. Requirement 2 Question 1 (3 marks). Record and analyze accounting for PPE, Intangibles, and Liabilities. - Assume Online, Inc., opened an office in Durban, South Africa. -Further, assume that Online incurred the following costs in: - Acquiring land, - Making land improvements, and - Constructing \& furnishing the new building: - Assume Online depreciates: - Buildings over 40 years, - Land improvements over 20 years, - Furniture over 10 years, -All on a straight-line basis with zero residual value. Requirements 1. Determine the total cost of each asset. 2. All construction was complete, and the assets were placed in service on May 2. Record depreciation for the year ended December 31, 2016. Round to the nearest dollar. Requirement 2