OC 2. Below is information regarding two assets that are put into service on 1/1/2016 Asset Acquisition Cost Life Salvage Value Factory Building Equipment $2,000,000 $130.000 30 years 12 years $20,000 $10.000 Depreciation Method Double Declining Balance Straight line Assume the company records depreciation annually. (a) Calculate the net book value for the factory building as of December 31, 2017 (after two years of use). Enter your final answer in the space provided. (6 points) 12/31/17 Net Book Value of Factory Building: (2/30) 7000 - lepe.00 42A on and 0001 + 119 PPW Y2 (15 Problem 1 (continued) (b) Assume the equipment was sold on January 1, 2021 for $100,000 cash. Using the space provided, prepare the journal entry necessary to record the sale. (6 pts) Debit Credit Account Title +5 30,000 130,000 Cash 100,000 Accumulated depreciation 60,000 . Gain Equipment Yr home 08 NBV o 130,000 10,000 10,000 2017/2 10,000 20,000 10,000 30 40 AD 1300 - 10.000 2016 SO 2003 2014 4 2000ls 20216 0000