e. Depreciation is computed as follows Cost Buildings $900,000 Office Equip Store Equip 112,000 s0 January 2 26,000 January 3 12,000 July 1 246,000 10 Straight-line f. A patent costing $48,000 when acquired on January 2 has a remaining legal Ife of 10 years and is expected to have value for 8 years. 31 221.0019 9. The cost of mineral rights was $546,000. Of the estimated deposit of 910,000 tons of ore, 50,000 tons were mined and sold during the year h. Vacation pay expense for December, $10,500, Date Debit Credit L A product warranty was granted beginning December 1 and covering a one-year period. The estimated cost is 4% of sales, which totaled $1,900,000 in December Date Description Debit Credit 31 j. Interest was accrued on the $100,000, 9% note receivable received on October 17, Assume 360 days per year. Date Description Debit Credit Dec. 31