E8-3 Computing and Recording Cost and Depreciation of Assets (Straight-Line Depreciation) Lo2.3 IThe following information applies to the questions dispayed belowoj KDeta Company bought building for $8000 cash and the land located for $109000 cash. The company pa of S10 000 CS4000 for the bulding and S6000 for the landt. Renovata E83 computing and Recording cost and Depreciation of Section Break Assets (Straight-Line Depreciation) LO2.3 1. 1000 points E8-3 Part 1 Required: Prepare the journalentry to record the purchase of the property. including al expenditures. As alltransactions went for cash and that all purchasos occurrad at the start of the year (o the "s sig in your response.) General Journal Credit Cash 230000 Hints References 2. 1000 points E8-3 Part 2 2. Compute straight-line depreciation at the end of estimated 10-year useful life and $6.000 estimated residual value. (omit the "S" sign in yo Straight line depreciation Hints. References 1000 points E8-33 Part 3 What would be the netbook value of the property (land and building) at the end of year 2? jomit the "S sign in your response.) Netbook value Hints References