Additional Problem 12 Riverbed Properties leased land to Manger Inc. for a lease term of 20 years. Manger constructed a building on the property at a cost of $175,200 paying cash. The building has an estimated useful life of 25 years, no residual value and occupancy took place on January 1, 2017, the first day of the lease period. Manger uses straight line depreciation. Prepare the appropriate journal entry to record the depreciation of leasehold improvements for the year ending December 31, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit