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Additional Problem 6 (Part Level Submission) Kingbird Ltd. owned several manufacturing facilities. On September 15 of the current year, Kingbird decided to sell one of

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Additional Problem 6 (Part Level Submission) Kingbird Ltd. owned several manufacturing facilities. On September 15 of the current year, Kingbird decided to sell one of its manufacturing buildings. The building had cost $6,350,000 when originally purchased 5 years ago, and had been depreciated using the straight-line method with no residual value. Kingbird estimated that the building had a 25 year life when purchased. Prepare the journal entry to record the sale of the building on Kingbird's books, assuming 5 years of depreciation has already been recorded in the accounts the building was sold for $5,310,000 cash. (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 0 for the amounts.) Sapt. 15 Prepare the journal entry to record the sale of the building on Kingbird's books, assuming 5 years of depreciation has already been recorded in the accounts the building was sold for $5,080,000 cash. (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.) Sape. Prepare the journal entry to record the sale of the building on Kingbird's books, assuming 5 years of depreciation has already been recorded in the accounts the building was sold for $4,940,000 cash. (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.)

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