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pls provide full answer with journal entries. want ans urgently. QUESTION 4 Because...

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Accounting

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pls provide full answer with journal entries. want ans urgently.

QUESTION 4 Because depreciation is based on predictions of residual value and useful life, depreciation is an estimate. True False QUESTION 5 On April 12, Prism Ltd. a camera lens manufacturer, paid cash of $552,375 for real estate plus $29,400 cash in closing costs. The real estate included land appraised at $249,480, land improvements appraised at $83,160 and a building appraised at $261,360. Prepare a calculation showing the allocation of the total cost among the three purchased assets and present the journal entry to record the purchase. For the toolbar, press ALT +F10(PC) or ALT+FN+F10 (Mac). B I U S Click Save and Submit to save and submit. Click Save All Answers to save all answers. QUESTION 5 On April 12, Prism Ltd. a camera lens manufacturer, paid cash of $552,375 for real estate plus $29,400 cash in closing costs. The real estate included land appraised at $249,480, land improvements appraised at $83,160 and a building appraised at $261,360. Prepare a calculation showing the allocation of the total cost among the three purchased assets and present the journal entry to record the purchase

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