1 1 b Prepare the journal entry to record the purchase 2 Compute the first year depreciation expense on the building using the straight line method assuming a 15 year life and a 30 000 salvage value Part 1 of 2 1 92 points 3 Compute the first year depreciation expense on the land improvements assuming a five year life and double declining balance depreciation Complete this question by entering your answers in the tabs below Required 1A Required 1B Required 2 Prepare the journal entry to record the purchase No 1 Date January 01 Building Land Land improvements Answer is not complete Vehicles Cash Required 3 General Journal 30303 Debit 467 650 x 268 650 X 179 100 x Credit 79 600 x 830 000 Return to question