12 Required Information [The following information applies to the questions displayed below! -61 Solich Sandwich Shop had the following long-term asset balances as of December 2011 Accumulated Cost Depreciation Book Valve Land $92000 $92000 Building 457000 $164,520) 292.400 Culment 234.300 (49.400 104.900 Patent 235,000 04.000 141000 70 Solic purchased the assets at the beginning of 2016 years ago. The building is deprecated over 10 year work life using the double-declining-balance method and estimating no residual. The quantideprecated over a year useful life using the straight line method with an estimated residual value of $12,000. The patentis med to have a five year service life with no residual value and orized using the straight-line method Depreciation and amortization have been recorded for 2016 and 2017 Neces Required: 1. For the year ended December 31, 2010, record depreciation expense for buildings and equipment Land is not deprecated, no entry is required for a transaction/event, select "No journal entry required in the first account field) View transactions Journal entry worksheet Record the depreciation on the building Journal entry worksheet