CMC records depreciation and amortization expense annually as one compound adjusting journal entry. They do not use an accumulated amortization account. Annual depreciation rates are 7% for Buildings/Equipment/Furniture, no salvage. (Round to the nearest whole dollar.) Annual Amortization rates are 10% of original cost, straight-line method, no salvage. The patent was acquired on October 1, 2015. The last time depreciation & amortization were recorded was December 31, 2016.

Building =

$876,418 (un-adjusted balance 12/31/2017)

Equipment and furniture=

$ 332,983 (un-adjusted balance 12/31/2017)

What is the adjusting journal entry for this?