uiaioh of all years combined) for the machine under each depreciation method. epal for each year (and total Year Straight-Line Units-of-Production Double-Declining-Balance Check DDB Depreciation, year 3, $46,656; U-of-P Depreciation, year 4, $68,720 In January 2018, ProTech Co. pays $1,550,000 for a tract of land with two buildings. It plans to demolish Building A and build a new shop in its place. Building B will be a company office; it is appraised at $482,800, with a useful life of 15 years and a $ B has improvements (Land Improvements B) valued at $142,000 that are expected to last another five years with no salvage value. Without the buildings and improvemen $795,200. The company also incurs the following additional costs. Asset cost allocation 99,500 salvage value. A lighted parking lot near Building straight-line depreci C1 ation P1 ts, the tract of land is valued at Cost to demolish Building A Cost of additional land grading Cost to construct new building (Building C), having a useful life of 20 years 122,000 174,500 1,458,000 103,500 and a $258,000 salvage value Cost of new land improvements (Land Improvements C) near Building C having a 10-year useful life and no salvage value................. Required 1. Prepare a table with the following column headings: Land, Building B, Building C, Land Improvements Check (1) Land costs B, and Land Improvements C. Allocate the costs incurred by ProTech to the appropriate columns and $1,164,500; Building B total each column (round percents to the nearest 1%) costs, $527,000 2. Prepare a single journal entry to record all incurred costs assuming they are paid in cash on January 1, 2018. (3) Depr-Land 3. Using the straight-line method, prepare the December 31 adjusting entries to record depreciation for Improv. B and C, $31,000 the 12 months of 2018 when these assets were in use. and $10,350