EN PONTA ercise 21-20 (Part Level Submission) n lanuary 1, 2013, Zui Corporation purchased building and equipment that had the following usefu ives,residul values, and cots Building: 40-year estimated usefl life, $70,000 residual value, $2,400,000 Equipment: 12-year estimated useful lide, $11,680 residual value, $142,000 cos The building was deprecisted under the double-declining-balance method through 2016.I 2017,the company decided to switch to the straight-line method of depreciation becaeuse of decided to change the equipment's total useul life to 15 years, with a t residual value of $5,600 at the end of that time. The equipment is depreciated using the straight-ne method (a) Prepare the journal entry necessary to record the depreciation tele, and enter 0 for the amounts.) required, select "No Entry Account Titles and Explonatison Debt Credt By accssing this Quesion Assista, you wil e whie you earn pents based on the Pint Potential Policy set by your