MontyLtd. owned several manufacturing facilities. On September 15 of the current year,Montydecided to sell one of its manufacturing buildings. The building had cost $5,000,000when originally purchased6years ago, and had been depreciated using the straight-line method with no residual value.Montyestimated that the building had a20-year life when purchased.

1.What is the journal entry to record the sale of the building onMonty's books, assuming6years of depreciation has already been recorded in the accountsto the date of disposal.The building was sold for $3,750,000cash.

2.What is the journal entry to record the sale of the building onMonty's books, assuming6years of depreciation has already been recorded in the accountsto the date of disposal.The building was sold for $3,500,000cash.

3.What is the journal entry to record the sale of the building onMonty's books, assuming6years of depreciation has already been recorded in theaccounts to the date of disposal.The building was sold for $3,340,000cash