Boston Hardware Consultants purchased a building for $552,000 and deprecated it on a straighine basis over a 30-year period. The estimated residual value is $100,000. Alter using the building for 15 years, Boston realed that wear and wear on the building would wear it out before 30 years and that the estimated residual value should be 500,000. Starting with the 100 year, Boston began depreciating the building over a revised to the of 25 years using the news value. Journal depreciation expense on the building for years 15 and 16. Record debit first, the credits Select the explanation on the last line of the journal entry) Credit Begin by joumating the depreciation on the building for year 15 Date Accounts and Explanation Depreciation Expense-Building Accumulated Depreciation-Building Debit 15.000 15.000 To record depreciation on building Now, journal to the depreciation on the building for year 16 Date Accounts and Explanation Depreciation Expense-Bulding Accumulated Depreciation-Building Debat Credit To record depreciation on building