help

2n January 1, Masterson Supply purchased a small storage bullding for $20,000 to be used over a five-year period, The bullding is lepreclated on a straight iline basis and has no residual value. Early in the fourth yeat, the storage bullding burned down. Jetermine the financial statement effects of the removal of the storage bullding from the accounting records. Vote: Amounts to be deducted should be indicated by a minus sign