18 of 20 View Policies < .../7 On January 1, 2016, Brenda Company purchased a building and machinery that have the following useful lives, salvage value, and costs. Building, 25-year estimated useful life. $7,590,000 cost, $759,000 salvage value Machinery, 10-year estimated useful life. $1.510,000 cost, no salvage value III The building has been depreciated under the straight-line method through 2020. In 2021, the company decided to switch to the double-declining balance method of depreciation for the building. Brenda also decided to change the total useful life of the machinery to 8 years, with a salvage value of $75,500 at the end of that time. The machinery is depreciated using the straight-line method. (a) Your answer has been saved. See score details after the due date. Prepare the journal entry necessary to record the depreciation expense on the building in 2021. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation (b) Depreciation Expense Accumulated Depreciation-Building List of Accounts Your answer has been saved. See score details after the due date. Compute depreciation expense on the machinery for 2021. Depreciation expense Debit Credit Attempts: 1 of 1 used (c