E8-3 Computing and Recording Cost and Depreciation of Assets (Straight-Line Depreciation) LO8-2, 8-3 The foloing auon apples to the quesions displayed below Shahia Company bought a building for $73.000 cash and the land on which it was located for S19,000 cash. The company paid transter costs or $14.000 ($3,000 for the building and $11.000 for the landi. Renovation costs on the buiding were $30.000. 2. value 11.11 points E8-3 Part 2 2. Compute straight-line depreciation at the end of one year, assuming an estimated 10-year useful life and a $15,000 estimated residual value 11.11 points E8-3 Part 3 3. What would be the net book value of the property (land and building) at the end of year 2? (Amounts to be deducted should be indicated by a minus sign.) Net book value