Monty Ltd. owned several manufacturing facilities, On September 15 of the current year, Monty decided to sell one of its manufacturing buildings. The building had cost $6,775,000 when originally purchased 6 years ago and had been depreciated using the straight-line method with no residual value. Monty estimated that the building had a 25 -year life when purchased. structions: Prepare the journal entry to record the sale of the building on Monty's books, assuming 6 years of depreciation ha eady been recorded in the accounts to the date of disposal. The building was sold for $5,369,000 cash. ( 3 marks) b) Prepare the journal entry to record the sale of the building on Monty's books, assuming 6 years of depreciation has already been recorded in the accounts to $ the date of disposal. The building was sold for $5,149,000 cash. ( 3 marks) c) Prepare the journal entry to record the sale of the building on Monty's books, assuming 6 years of depreciation has already been recorded in the accounts to the date of disposal. The building was sold for $4,939,000cash. ( 3 marks) Monty Ltd. owned several manufacturing facilities, On September 15 of the current year, Monty decided to sell one of its manufacturing buildings. The building had cost $6,775,000 when originally purchased 6 years ago and had been depreciated using the straight-line method with no residual value. Monty estimated that the building had a 25 -year life when purchased. structions: Prepare the journal entry to record the sale of the building on Monty's books, assuming 6 years of depreciation ha eady been recorded in the accounts to the date of disposal. The building was sold for $5,369,000 cash. ( 3 marks) b) Prepare the journal entry to record the sale of the building on Monty's books, assuming 6 years of depreciation has already been recorded in the accounts to $ the date of disposal. The building was sold for $5,149,000 cash. ( 3 marks) c) Prepare the journal entry to record the sale of the building on Monty's books, assuming 6 years of depreciation has already been recorded in the accounts to the date of disposal. The building was sold for $4,939,000cash. ( 3 marks)