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 (salvage value) at the end of its 40 year useful life. Adams uses the straight line method of depreciation. What is the correct amount of depreciation for the current year ended? Select one: O a. $2,750 O b. $687 O c. $468 O d. $3,375 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: O a. Dr. Depreciation expense $2,500 Cr. Accumulated depreciation building $2,500 Ob. Dr. Depreciation expense $687 Cr. Accumulated depreciation building $687 Oc. Dr. Depreciation expense $2,750 Cr. Accumulated depreciation building $2,750 O d. Dr. Accumulated depreciation building $469 Cr. Depreciation expense $469