Depreciation is computed as follows: Building, purchased January 2, for $900,000; residual value: $0; life: 50 years, depreciation method: Double- declining-balance. Office Equip., purchased January 3, for $246,000; residual value: $26,000, life: 5 years, depreciation method: Straight-line. Store Equip., purchased July 1, for $112,000; residual value: $12,000, life: 10 years, depreciation method: Straight-line. Record the entry for depreciation on December 31. Change the reference on the journal entry to "Adj. Ent..

Depreciation is computed as follows: Building, purchased January 2 , for $900,000; residual value: $0; life: 50 years, depreciation method: Doubledeclining-balance. Office Equip., purchased January 3 , for $246,000; residual value: $26,000, life: 5 years, depreciation method: Straight-line. Store Equip., purchased July 1 , for $112,000; residual value: $12,000, life: 10 years, depreciation method: Straight-line. Record the entry for depreciation on December 31. Change the reference on the journal entry to "Adj. Ent