E9-2 (Algo) Computing and Recording a Basket Purchase and Straight-Line Depreciation [LO 9-2, LO 9-3] [The following information applies to the questions displayed beiow] Bridge City Consulting bought a bullding and the iand on which it is located for $130,000 cash. The land is estimated to represent 50 percent of the purchase price. The company paid $20,000 for building renovations before it was ready for use E9-2 (Algo) Part 3 and 4 3. Compute straight line depeciaton of the buiding ot the end of one year, assuming an estimated to-year useful ife and a $15. 000 estimated iesidual volue. (Do not round intermediate calculations.) 4. What should be the book value of (in the land and (b) the bulling at the end of year 2