Date Mar.1, 2020 Building Land Land improvements Vehicles Cash General Journal Debit Credit 625,650 465,600 101,850...

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Date Mar.1, 2020 Building Land Land improvements Vehicles Cash General Journal Debit Credit 625,650 465,600 101,850 261,900 1,455,000 View general journal Record entry Clear entry 2. Calculate the 2020 depreciation expense on the building using the straight-line method to the nearest whole month, assuming a 15- year life and a $24,000 residual value. Depreciation expense 3. Calculate the 2020 depreciation expense on the land improvements assuming a five-year life, $12,000 residual, and double- declining-balance depreciation calculated to the nearest whole month. Depreciation expense Date Mar.1, 2020 Building Land Land improvements Vehicles Cash General Journal Debit Credit 625,650 465,600 101,850 261,900 1,455,000 View general journal Record entry Clear entry 2. Calculate the 2020 depreciation expense on the building using the straight-line method to the nearest whole month, assuming a 15- year life and a $24,000 residual value. Depreciation expense 3. Calculate the 2020 depreciation expense on the land improvements assuming a five-year life, $12,000 residual, and double- declining-balance depreciation calculated to the nearest whole month. Depreciation expense