Dec 31 Depreciation on buldings is computed by me straine method. The new buiding cards a 40 years and a residuale us to 20% of its cast. Prepare the entry to record depreciation on bulding Round your answer to the nearest Wholericitiber) More Info Data Debit Journal Entry Accounts Deprecation Expense Building Acourofed Depreciation Building Credit Dec 31 Choose from any list or endor any number in the input fields and then click Check Answer Jan 3 Tradit in gument with accurate speciion of $1.000 cost of $132.000) for similar equipment with a cash cost of $175.000. Received a trade in aliowce of 574,000 on the old cupment and pads101.000 in cash Jun 30 Sold a building that had a cost of $606,000 and rod cum deproton of $140.000 th December 31 of the preceding year. Depreciation is not on straight line basis. The big as a 40-year ul life and a real value of $295.000 Taviroved $140,000 cash and a to not receivable Oct 31 Purchased and and building for a single price of $170.000 cash. An independent appraisal valued the and at $175,950 and the buldig at $215.050 Dec 31 Recorded depreciation as follow Equipment has an expose of years and an estimated residual value of 11% of cost Depreciation is completing the outle-coining balance method Depreciation on buildings is computed using the straight line metod. The new buong carries a 40 years and a real value ova 10205 parts showing Clear