Transactions durting 2024 were as follows: a. On January 2.2024, equipment were purchased at a total involce cost of $275,000, which included a $5,800 charge for freight. installation costs of $30,000 were incurred in additton to the involce cost. b. On March 31,2024 , a small storage bulling was donated to the company. The person donating the bulding originally purchased it three years ago for $28,000. The fair value of the buliding on the day of the donation was $18,200. c. On May 1, 2024, expenditures of $53,000 were made to repave parking lots at Pell's plant location. The work was necessitated by damage caused by severe Winter weather. The repalr doesn't provide future benefits beyond those originally anticipated. d. On November 1, 2024, Pell acquired a tract of land with an existing bullding in exchange for 10,000 shares of Pell's common stock that had a market price of $41 per share. Pell paid legal fees and tile insurance totaling $24,500. Shortly after acquisition, the buliding was razed at a cost of $38,000 in anticipation of new buliding construction in 2025 . e. On December 31,2024 , Pell purchased a small storage bulding by giving $16.000 cash and an old automobile purchased for $19,500 in 2017 . Depreclation on the old automobile recorded through December 31,2024 , totaled $14,625. The fair value of the old automobile was $3,900. Required: For each asset classification, prepare a schedule showing depreclation for the year ended December 31, 2024, using the following depreciation methods and useful Iives: Land improvements-Straight line; 15 years. Burling- 150% declining balance: 20 years. Equipment-Straight line; 10 years. Automobiles-Units-of-production; \$0.50 per mile Depreciation is computed to the nearest month and no residual values are used. Automobiles were driven 39,500 miles in 2024. Note: Do not round intermediate calculations and round your final answers to 2 decimal places