Required information Problem 8-1A Plant asset costs; depreciation methods LO C1, P1 [The following information applies to the questions displayed below] Timberly Construction makes a lump-sum purchase of several assets on January 1 at a total cash price of $830.000. The estimated market values of the purchased assets are building. $460,800, land, $268,800; land improvements, $38,400, and four vehicles, $192.000 roblem 8-1A Part 4 Compared to straight-line depreciation, does accelerated depreciation result in payment of less total taxes over the asset's life