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Zeidler Company bought a building and the land on which the building is located for a total cash price of $184,000. The company paid transfer costs of $3,200. Renovation costs on the building were $24,800. An independent appraiser provided market values for the land, $230,000, and building, $690,000 before renovation, Required: 1. Apportion the cost of the property on the basis of the appraised values. (Input all amounts as positive values.) Mem Apportioned Dost Renovation cost Purchase cost Building Land $ 0 $ 0 2. Prepare the journal entry to record the purchase of the building and tond, including all expenditures. Assume thot all transactions were for cash and that all purchases occurred at the start of the year. (If no entry is required for a transactionlevelt, select "No Journal entry required" in the first account field.) View transaction dat Journal entry worksheet the first account field.) Tor a transaction/event, sele View transaction list Journal entry worksheet 1 Record purchase of building and land. Note: Enter debits before credits 5 Transaction General Journal Debit Credit 1 Land Building Cash Land Plant and Machinery Stock Record ent View general Journal 3. Compute depreciation of the building at the end of one year, using the straight-line method. Assume an estimated usefu years and an estimated residual value of $15,200, Check my work Generaumar DEDI Cro ansaction 1 Land Land Plant and Machinery Stock Trade payable Trade receivable Record ent View general journal 3. Compute depreciation of the building at the end of one year, using the straight-line method. Assume an estimated useful life of 12 years and an estimated residual value of $15,200. Depreciation 4. What would be the carrying amount of the property (building and land) at the end of year 2? Carrying amount

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