i cant figure out buildings for req 2. everything else is right

Palmer Cook Music Productions manages and operates two bands. The company entered into the following transactiors during a recent year. January 2 Purchased a tour bus for $76, e9e by paying $24,000 cash and 51gning a 552 , 000 note due in two years. In its accounting system, the conpany records the vehicle distinct fron other types of oquipent. Jamuary 8 Atter the bus was used for nearly one week, it was painted with the logos of the two bands at a cost of \$550, on account. The logos did not increase the lifespan, operating capacity, or operating efficiency of the bus, but they were thought to be useful in promoting the bands. January 30 wrote a check for the anount owed on account for the work conpleted on January 8. February 1 Purchased new speakers and anptitiers and wrote a check for the full s18, a0e cost. February 8 Paid sase cash for minor repairs to the tour bus. March 1 Pald 524 , eee cash and signed a $21e, eve flve-year note to purchase a small office buitaing and land. An appraisal indicated that the buitding and land contributed equally to the total price. March 31 Paid $83, eae cash to acquire the goodwitl and certain tangible assets of Kris' Myth, Incorporated. The fair values of the tangible assets acquired were $13, 00e for band equipoent and \$53, eee for recording equiptent. 1-b. Prepare the journal entries for each of the above transactions. 2. For the tangibie and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Palmer Cook Music Productions should report for the quarter ended March 31, For convenience, the oquipment and vehicie are depreciated the same way, using the straight-line method with a useful life of five years and no tesidual value. The buliding is depreciated using the double-declining-balance method, with a 10 -year useful life and residual value of $24,000. nip: Calculate depreciation from the acquisition date to the end of the quarter. 3. Prepare a journalentry to fecord the depreciation caiculated in requirement 2 . Complete this question by entering your answers in the tabs below. Calculate depreciation from the acquisition date to the end of the cuarter 3. Prepare a joumal entry to record the dopreciation calculated in requirement 2. Complete this question by entering your answers in the tabs below. For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Palmer Cook Musie Productions should report for the quarter ended March 3 . For corvenience, the cquipmert and vehicle are depreciated the same way, using the straight-ine method with a useful bie of five years and no residual value. The building is depreciated using the double-declining-balance method, with a 10 -year useful life and residual value of \$24,000. THF: Calcalate depreciation from the acquisitian date to the end of the quarter. (Do not round intermediate caiculations