Beethoven Corporation had the following balances in its Property, Plant & Equipment accounts as of January 1, 2004.

Account	Balance
Land	$3,600,000
Buildings	2,500,000
Less: Accumulated depreciation	(1,560,000)
Machinery & equipment	2,220,000
Less: Accumulated depreciation	(1,226,960)
Total Property, Plant & Equipment (net)	$2,766,520

Calculate the ending balances in each of these accounts after considering the effects of each of the following 2004 transactions and accruals:

1. The estimated useful life of the building was 30 years when Beethoven acquired it on July 1, 1984. The estimated salvage value was $100,000. After careful inspection of the building during 2004 and comparison of the building to similar newer facilities, management has decided that they will tear down the existing building in five years and construct a new facility in its place. Management estimates that the remaining useful life of the building is five years, and that it will be able to sell materials salvaged from the razed (demolished) building for $140,000. Beethoven has used straight-line depreciation, but will switch to sum-of-the-years digits for the remainder of the life of the building. Using the new estimates and depreciation method, record depreciation expense on the building for the year 2004.