5. Salamander Co. acquired a warehouse on January 1 of Year 1 for $375,000. The warehouse had an estimated useful life of 10 years and a salvage value of $37,500. The company would depreciate the warehouse using the straight-line method. (a) How much annual depreciation expense would the company recognize for the warehouse? (b) On August 31 of Year 8, Salamander Co. sold the warehouse for $75,000 in cash. On August 31 of Year 8 , how much was accumulated depreciation for the warehouse? (c) How much gain or loss on sale did the company recognize for selling the warehouse? (d) Record the journal entry to recognize selling the warehouse