Auto 2 was purchased on July 1. The company expects to use it for five years and then sell it for $2,000. All depreciation is calculated on the straight-line method using months of service. EXHIBIT 8.54.1 PP&E and Depreciation B Description Land Building 1 Building 2 Computer A Computer B Beginning Balance $ 10,000 30,000 5,000 Asset Cost (000s) 1,500 15 Added 42,000 3,500 Sold 22 $ 45,522 5,000 1,500 15 Ending Balance $ 10,000 30,000 42,000 0 3,500 Beginning Balance 0 22 $ 87,022 $ 6,857 3,750 Accumulated Depreciation (0005) 300 15 Added $ 857 800 208 583 150 Press Auto 1 Auto 2 Total $ 46,515 $ 5,015 $ 10,922 $ 3,973 Required: a. Verify the depreciation calculations. Are there any errors? Put the errors in the form of an adjusting journal entry, assuming that 90 percent of the depreciation on the buildings and the press has been charged to Cost of Goods Sold and 10 percent is still capitalized in the inventory, and the other depreciation expense is classified as General and Administrative Expense (i.e