Alpha Company made a lump sum purchase of land, building, and equipment.

The following were the appraised values of each element:
PP&E Element
Amount
Land
$10,000
Building 20,000
Equipment 30,000

Alpha paid $45,000 cash for the lump sum purchase. What value should be allocated to the following? (Enter only whole dollar values.)
1. Land
2. Building
3. Equipment

Question 3 (12 points)
Bravo Company purchased equipment on October 1, 2016. Bravo paid $60,000 for equipment and paid an additional $500 for shipping and $200 to place the equipment in service. The equipment is expected to have a $6,000 residual value and a 8-year life. Bravo has a December 31 fiscal year end. Using the double-declining balance method, how much is: (Enter only whole dollar values.)

-the 2018 depreciation expense
-the accumulate depreciation after the fiscal year 2018 adjusting entry
-the book value of the truck after the fiscal year 2018 adjusting entry