Jane Company purchases an office building (for commercial use) for $950,000. A commercial building is often depreciated over 39 years. Assume that the building gets depreciated $2,025 every month. Which of the following is true about the office building depreciation? The building can only be depreciated $2,205 per month by debiting Depreciation Expense and crediting Accumulated Depreciation. The entire $950,000 can be depreciated in the first year of purchase. The building can be depreciated by directly offsetting Equipment account. O No depreciation needs to be recorded because Equipment was already written off at the time of purchase