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TO . Wholesalers. The PC he ME TIMBERLY CONSTRUCTION $ 900.000 Cash price for all assets purchased Estimated market values Building Land Land improvements Vehicles (4) Building Useful life in years Salvage value $ $ 508,800 297600 28 800 124 800 15 27.000 $ For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) Part 1. Develop a model showing the correct allocation of the total cost among the four purchased assets? Part 2. crente the journal entry to record the purchase. Part 3. Desigy a depreciation schedule for the building showing the deprecation of the building for each year under the straight-line method. Part 4. What is the impact of accelerated depreciation on corporate Income taxes? Compose an answer outlining the impact TIMBERLY CONSTRUCTION Cash price for all assets purchased Fatmatematik $ 900.000 TON condents