The following information applies to the questions displayed below.$]$ Allocate the lump$-$sum purchase price to the separate assets purchased.

$\backslash$table$[[\backslash$table$[[$Allocation of total$],[$cost$]],\backslash$table$[[$Appraised$],[$Value$]],\backslash$table$[[$Percent of Total$],[$Appraised Value$]],$x$,\backslash$table$[[$Total cost of$],[$Acquisition$]],\backslash$table$[[$Apportioned$],[$Cost$]]],[$Building$,,,\%,$x$,,],[$Land$,,,\%,$x$,,],[$Land improvements,,,$\%,$x$,,],[$Vehicles$,,,\%,$x$,,],[$Total$,$$$,0,0,\%,,$$$]]$ Record the costs of lump$-$sum purchase.

Note: Enter debits before credits. Compute the first$-$year depreciation expense on the building using the straight$-$line method, assuming a $15-$year life and a

$$29,000$ salvage value. $($Round your answer to the nearest whole dollar.$)$ Compute the first$-$year depreciation expense on the land improvements assuming a five$-$year life and double$-$declining$-$

balance depreciation.

Timberly Construction makes a lump$-$sum purchase of several assets on January $1$ at a total cash price of $$840,000.$ The estimated market values of the purchased assets are building, $$453,100$; land, $$295,500$; land improvements, $$59,100$; and four vehicles, $$177,300.$

Required:

$1-$a$.$ Allocate the lump$-$sum purchase price to the separate assets purchased.

$1-$b$.$ Prepare the journal entry to record the purchase.

$2.$ Compute the first$-$year depreciation expense on the building using the straight$-$line method, assuming a $15-$year life and a $$32,000$ salvage value.

$3.$ Compute the first$-$year depreciation expense on the land improvements assuming a five$-$year life and double$-$declining$-$balance depreciation.

please answer in this format