Batand Company purchased a building for $218,000 that had an estimated residual value of 8,000 and an estimated service life of 10 years. Bailand purchased the building 4 years ago and has used straight-line depreciation. At the beginning of the fifth year (before it records depreciation expense for the year) the following independent situations occur Batand Company purchased a building for $218,000 that had an estimated residual value of 8,000 and an estimated service life of 10 years. Bailand purchased the building 4 years ago and has used straight-line depreciation. At the beginning of the fifth year (before it records depreciation expense for the year) the following independent situations occur