On January $1,2022,$ Swifty Company purchased a building and equipment that have the following useful lives, salvage values, and Account Titles and Explanation

Depreciation Expense

Accumulated Depreciation$-$Building:

eTextbook and Media

Attempts: $1$ of $3$ used

$($b$)$

Compute depreciation expense on the equipment for $2026.($Round answer to O decimal places, e$.$g$.125.)$

$2026$ Depreciation expense

$

costs.

Building, $40-$year estimated useful life, $$49,200$ salvage value, $$787,600$ cost

Equipment, $12-$year estimated useful life, $$10,000$ salvage value, $$99,100$ cost

The building has been depreciated under the double$-$declining$-$balance method through $2025.$ In $2026,$ the company decided to switch

to the straight$-$line method of depreciation. Swifty also decided to change the total useful life of the equipment to $9$ years, with a

salvage value of $$5,200$ at the end of that time. The equipment is depreciated using the straight$-$line method.

$($a$)$

Your answer is partially correct.

Prepare the journal entry necessary to record the depreciation expense on the building in $2026.($Round answers to O decimal places,

eg$.125.$ Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select

$"$No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.$)$