Click twe icon fo view the Norember and Decembet transactions). (Click the icon to view the unacjusted trial balance) At Decenter 31, the busiress gathers the foloweg information for the adjusting antries: Click the icon to view the additional information.) Rasd the rocur tements c. Detemine the deprociution on the building using straight-ine depreciation. Assume the usoful life of the building is fifteen years and the residual value is \$20 o00 (tint: The buliding was purchased on December 1.) Reference Anna and Zohar contributed land on the river (worth $60,000 ) and a small building to use as a rental office (worth $218,000 ) in exchange for common Dec. 1 stock. Prepaid $4,800 for three months' rent on the warehouse where the company Dec. 1 stores the canoes. Dec. 2 Purchased capoes signing a notes payable for $8,160. Dec. 4 Purchased office supplies on account for $900. Dec. 9 Received $4,900 cash for canoe tentiis to customers. Dec. 15 Rented canoes to customers for $3,700, but will be paid next month. Received a $550 deposit from a canoe rental group that will use the canoes next Dec. 16 month. Dec. 18 Paid the utilities and telephone bills from last month. Dec. 19 Paid various accounts payable, \$2,200. Click twe icon fo view the Norember and Decembet transactions). (Click the icon to view the unacjusted trial balance) At Decenter 31, the busiress gathers the foloweg information for the adjusting antries: Click the icon to view the additional information.) Rasd the rocur tements c. Detemine the deprociution on the building using straight-ine depreciation. Assume the usoful life of the building is fifteen years and the residual value is \$20 o00 (tint: The buliding was purchased on December 1.) Reference Anna and Zohar contributed land on the river (worth $60,000 ) and a small building to use as a rental office (worth $218,000 ) in exchange for common Dec. 1 stock. Prepaid $4,800 for three months' rent on the warehouse where the company Dec. 1 stores the canoes. Dec. 2 Purchased capoes signing a notes payable for $8,160. Dec. 4 Purchased office supplies on account for $900. Dec. 9 Received $4,900 cash for canoe tentiis to customers. Dec. 15 Rented canoes to customers for $3,700, but will be paid next month. Received a $550 deposit from a canoe rental group that will use the canoes next Dec. 16 month. Dec. 18 Paid the utilities and telephone bills from last month. Dec. 19 Paid various accounts payable, \$2,200