Architectural Designs

accounting hw help needed?

I need some help with this problem, be Credit Company purchased a delivery van on January 1, 20X7, for $45,000. The equipment was expected to remain in service 4 years (or 100,000 miles) and has a residual value of $5,000. The van trav¬eled 30,000 miles the first year, 25,000 miles the second year, and 22,500 miles in the third and fourth year. 1 Prepare the journal entry to record the first year’s depreciation under each method. 2What is the depreciation for the 20X9 year and what is the book value of the asset after year 20X9 under each method? also Alpha Company incurred the following costs in acquiring plant assets: a.pur¬chased land for a $50,000 down payment and signed a $100,000 note payable for the balance b.delinquent property tax of $2,500 and legal fees of $1,500 c.$5,000 to remove an unwanted building d.architect fee of $2,000 for the design of a building e.constructed an office building at a cost of $500,000 f.interest cost on construction loan for the building, $20,000 g.$7,500 for fencing, $4,000 for landscaping, and $5,000 for lighting Determine the cost of the land, land improvements, and building. thanks for any help, Im just not 100% sure where everything goes

Public Comments

1. 2. Land: a,b,c,g Land improvements: g Building:d,e