$1$

Required information

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Shahia Company bought a building for $$382,000$ cash and the land on which it was located for $$107,000$ cash. The company paid transfer costs of $$9,000($ $$3,000$ for the building and $$6,000$ for the land$).$ Renovation costs on the building before it could be used were $$21,000.$

$2.$ Compute straight$-$line depreciation at the end of one year, assuming an estimated $10-$year useful life and a $$15,000$ estimated residual value.

Straight$-$line depreciation