octisch Ch 9 Assignment 3 Part 2 012 2 po Required information (The following information applies to the questions displayed below] Bridge City Consulting bought a building and the land on which it is located for $185,000 cash. The land is estimated to represent 60 percent of the purchase price. The company paid $15,000 for building renovations before it was ready for use 3. Compute straight line depreciation on the budding at the end of one year, assuming an estimated 10 year useful life and a $20000 estamated residual value (Do not round intermediate calculations) 4. What should be the book value of (at the land and ( the building of the end of year 2 Hi 3 Straight Line Depreciation Ala) Land S 111,000 P 40) Bulding