Riverboat Adventures pays $480,000 plus $19.000 in closing costs to buy out a competitor. The real estate consists of land appraised at $102,000, a building appraised at $204,000, and paddleboats appraised at $204.000. Compute the cost that should be allocated to the building. Multiple Choice $199.600 $192.000 5204 000 Peavey Enterprises purchased a depreciable asset for $22,500 on April 1, Year 1. The asset will be depreciated using the straight- line method over its four-year useful life. Assuming the asset's salvage value is $2,100, Peavey Enterprises should recognize depreciation expense in Year 2 in the amount of Multiple Choice $19 550.00 $4250.00 $5.100.00