solve it all please

lovei the land and remove an urwanted bulding. Record the journal entry for purchase of tho land Data table Deadwood Properties bought theee loks in a subdivison for a lumpewum price. An independent appraiser vilued the iots as foliows: Cick the icoon to viow the values.) Deadwood puid $400,000 in cash Record the purchase in the joumal, identilyng oach lors cost in a soparalo Lard account. Round docinuls to two places, and use the computod percentapes trineghour (Rocord a singie compound foumas enty Record debits frit, then credts. Select the explazation on the last ine of frejournal entry table) corvention is used. Record debits first, then credile. Solocd the explangson on the last ine of the journdentry tatile) Begn by recording the depreciation expense as of Jyn. 30,2024. Wit Jantary 3, 2024, On Time Delivery Service purchased a truck at a cost of $62,000. Before placing the truck in service, On Time spent $2,200 painting it, $600 replacing ires, and $5.200 ove eng ne. The truck should remain in service for five years and have a residual value of $5,000. The truck's annual mileage is expected to be 28,000 miles in each of the first four years and i8,000 fitih year - 130,000 mies in votal. In dociding which depreciation method to use, Harold Parker, the general manager, requests a depeeciation schedule for each of the dopreciation methods (sin units-of h roduction and double-declinimg balance) Read the recuitomens Requirement 1. Prepare a depreciation schedule for each deprecation method, showing asset cost, dopreciation expenso, accumulated depreciation, and asset book value. Begn by preparing a depreciavon schedule using the straght-Ine mothod Requirements 1. Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value. 2. On Time prepares financial statements using the depreciation method that reports the highest net income in the early years of asset use. Consider the first year that On Time uses the truck. Identify the depreciation method that meets the company's objectives