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of 2 Points: 2.5 of 5 Save Putnam Freight purchased a building for $1,200 000 and depreciated on a straight line basis over a 30-year

image text in transcribed of 2 Points: 2.5 of 5 Save Putnam Freight purchased a building for $1,200 000 and depreciated on a straight line basis over a 30-year period. The estimated residual was $150.000 Aher uning the bulding for 15 years, Putam malized that und tear on the building would force the company to replace 2 before 30 years Starting with the sixteenth year, Putnam began depreciating the bolding a revised total of 20 years and inced the satel value is $215,000 Record depreciation expense on the bildeg for years 15 and 16 (cord deblo fest, then oeds Exclude explanations of Record the jurnal entry for 15 Journal Entry Accounts Dub Credi Date Capaciation expence building 4

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