Budget Hardware Consultants purchased a building for $$522,000$ and depreciated it on a straight$-$line basis over a $30-$year period. The estimated residual value is $$102,000.$ After using the building for $15$ years, Budget realized that wear and tear on the building would wear it out before $30$ years and that the estimated residual value should be $$86,000.$ Starting with the $16$ th year, Budget began depreciating the building over a revised total life of $25$ years using the new residual value. Journalize depreciation expense on the building for years $15$ and $16.($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

Begin by journalizing the depreciation on the building for year $15.$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[,,,],[,,,],[,,,],[,,,],[,,,]]$

Now, journalize the depreciation on the building for year $16.$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[,,,],[,,,],[,,,],[,,,],[,,,]]$