$E21\mathrm{.}12(LO2)(Depreciation$ Changes$)On$ January $1,2022,$ Jackson Company purchased a building and equipment that have the following useful lives, salvage values, and costs.

Building, $40-$year estimated useful life, $$5,400$ salvage value, $$781,200cost$

Equipment, $12-$year estimated useful life, $$9,600$ salvage value, $$103,200cost$

The building has been depreciated under the double$-$declining$-$balance method through $2025.In2026,$ the company decided $to$ switch $to$ the straight$-$line method $of$ depreciation. Jackson also decided $to$ change the total useful life $of$ the equipment $to9$ years, with a salvage value $of$ $$4,800at$ the end $of$ that time. The equipment $is$ depreciated using the straight$-$line method.

Instructions

Prepare the journal entry$(entries)$ necessary $to$ record the depreciation expense $on$ the building $in2026.$

Compute depreciation expense $on$ the equipment for $2026.$Prepare the journal entry necessary $to$ record the depreciation expense $on$ the building $in2026.(Round$ answers $to0$ dec

places, $e.g.125.$ Credit account titles are automatically indented when the amount $is$ entered. $Do$ not indent manually. $Ifno$ ent,

required, select $"No$ Entry" for the account titles and enter $O$ for the amounts. List debit entry before credit entry.$)$

Account Titles and Explanation

Debit

Credit

Depreciation Expense

Accumulated Depreciation$-$Buildings $(b)$

Your answer $is$ incorrect.

Compute depreciation expense $on$ the equipment for $2026.(Round$ answer $to0$ decimal places, $e.g.125.)$

$2026$ Depreciation expense $$?$