Adams Brewery Company purchased a building for use in its business on October 1, of the current year for $100,000. The company installed a new floor in the building in order to use the building for its new brewery. The cost of the new floor is $35,000. Management estimates that the building will be worth $25,000 at the end of its 40 year useful life. Adams uses the straight line method of depreciation. What is the journal entry to record depreciation for the current year? Select one: a. Dr. Depreciation expense $2,500 Cr. Accumulated depreciation building $2,500 b. Dr. Depreciation expense $687 Cr. Accumulated depreciation building $687 c. Dr. Depreciation expense $2,750 Cr. Accumulated depreciation building $2,750 Od. Dr. Accumulated depreciation building $469 Cr. Depreciation expense $469 Clear my choice