2: Dongguk Industry acquired a building at $1,000,000 on Jan. 1, 2011. The residual value of the building was estimated as $100,000 and the total useful life estimated to be 10 years. The company applies a straight-line method for the building depreciation, and disposed this building at $800,000 in cash on June 30, 2014. (1) Provide the journal entry to record the depreciation expense (to update accumulated depreciation) on the date of disposal (5 points) (2) Provide the journal entry to record the disposal of the building on June 30, 2014. (5 points) Focus