Jun 16	1510	Land	purchase of land	24,000.00
Jun 16	1411	Building	purchase of land	125,000.00
Jun 16	1110	Cash	purchase of land		14,900.00
Jun 16	2201	Mortgage Payable	purchase of land		134,100.00

For the above transactions, I am having a hard journaling the following entry:

The fixed assets have estimated useful lives as follows:

Building - 31.5 years

Computer Equipment - 5.0 years

Office Equipment - 7.0 years

Use the straight-line method of depreciation. Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The buildings scrap value is $7,500. The office equipment has a scrap value of $350. The computer equipment has no scrap value. Calculate the depreciation for one month.