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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 below.] Bridge

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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 below.] Bridge City Consulting bought a building and the land on which it is located for $165,000 cash. The land is estimated to represent 50 percent of the purchase price. The company paid $30,000 for building renovations before it was ready for use. 9.2 (Algo) Part 3 and 4 Compute straight-line depreciation on the building at the end of one year, assuming an estimated 10-year useful life and a $19,500 estimated residual value. (Do not round intermediate calculations.) What should be the book value of (a) the land and (b) the building at the end of year 2

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