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the land had a carrying value of sio, 000, and the bullding had a net vilue (cost minus accumulated depreciation) al 520.000 . Required: 1.

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the land had a carrying value of sio, 000, and the bullding had a net vilue (cost minus accumulated depreciation) al 520.000 . Required: 1. What value would you assign to land and building in RTC's accounting records? (4 marks) 2. Why is the land recorded at $10,000 in the seller's accounting records when it is clearly worth more than that amount? (2 marks) 3. Would you use the straight-ine method of units-of-production method for depreciating the building? (1 mark) A. B I \& 1) What value would you assign to land and building in RTC's accounting records? (4 marks) 2) Why is the land recorded at $10,000 in the seller's accounting records when it is clearly worth more than that amount? (2 marks) 3) Would you use the straight-line or units-of-production method to depreciate the building? (1 mark)

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