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ction pany purchased a building and equipment that have the following useful lives, residual values, and costs. seful life, $50,000 residual value, $1,200,000 cost a useful life, $10,000 residual value, $130,000 cost ciated under the straight-line method through 2014. In 2015, the company decided to switch to the double- depreciation ABC also decided to change the total useful life of the equipment to 9 years, with a residual that time. The equipment is depreciated using the straight-line method. entry necessary to record the depreciation expense on the building in 2015. tion expense on the equipment for 2015. mnd submit Click Save All Answers to save all answers. Save Al Answe