HW Problem 9.2 -On April 1", Dane Company made a group purchase from a company going out of business. It paid $600,000 for the following items which were appraised at the following values: Building $440,000 Land 100,000 Truck 40.000 Machine 220,000 Total $800,000 a. Record the journal entry for the April 1" purchase. b. Calculate the amount of depreciation on the building for the first and second years using the double- declining balance method. Assume the building cost $330,000, a 40-year life, and a salvage value of $30,000. Show your calculations. c. Calculate the amount of depreciation on the truck for the first and second years using the straight-line method. Assume the truck cost $30,000, has an 8-year life, and a salvage value of $4,000. Show your calculations. d. Calculate the amount of depreciation for the first and second years on the machine using the units of production method. Assume the machine cost $165,000, bas a life of 50,000 machine hours, and a salvage value of $10,000. The equipment was used 8,000 machine hours in the first year and 13,000 machine hours in the second year. Show your calculations