chalter 9 question b

All assets are depreciated by the straight-line method. Carla Vista Co. uses a calendar year in preparing annual financiai statements. Aiter discussion, management has agreed to accept Victor's proposed changes. (The "Proposed" useful life is total life, not remaining life.) Prepare the entry to record depreciation on the building in 2025. (List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the omounts.)