A building was purchased on August 1 for $500,000. It has a salvage value of $38,000 and a useful lite of 35 years To the nearest dollar method? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar) how much will the depreciation expense for the building be for the first year ended December 31, using the straight-line O A. $13,200 OB. $5.953 O C. $14,286 D. S5500