Boston Hardware Consultants purchased a building for $730,000 and depreciated it on a straight-line basis over a 35-year period. The estimated residual value is $100,000. After using the building for 15 years, Boston realized that wear and tear on the building would wear it out before 35 years and that the estimated residual value should be $88,000. Starting with the 16th year, Boston began depreciating the building over a revised total life of 25 years using the new residual value. Joumalize depreciation expense on the building for years 15 and 16. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) Begin by journalizing the depreciation on the building for year 15. Date Accounts and Explanation Debit Credit Now, journalize the depreciation on the building for year 16. Date Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Save for Later ton Hardware Consultants purchased a building for $730,000 and depreciated it on a stra 0,000. After using the building for 15 years, Boston realized that wear and tear on the bui Je should be $88,000. Starting with the 16th year, Boston began depreciating the building amalize depreciation expense on the building for years 15 and 16. (Record debits first, the gin by journalizing the depreciation on the building for year 15. Date Accounts and Explanation Accumulated Depreciation-Building Accumulated Depreciation Equipment Building Cash ow, journa Depreciation Expense-Building Depreciation Expense-Equipment Date Equipment Choose from any list or enter any number in the input fields and then continue to the next Save for Later Boston Hardware Consultants purchased a building for $730,000 and depreciated it on a straight-line basis over a 35-y! $100,000. After using the building for 15 years, Boston realized that wear and tear on the building would wear it out bef value should be $88,000. Starting with the 16th year, Boston began depreciating the building over a revised total life of Joumalize depreciation expense on the building for years 15 and 16. (Record debits first, then credits. Select the explan Begin by journalizing the depreciation on the building for year 15. Date Accounts and Explanation Debit Credit Now, journa Date To record depreciation on building. To record depreciation on equipment. To record sale of equipment. Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later