On January 1, 2016, Zui Corporation purchased a building and equipment that had the following useful lives, residual values, and costs:

Building: 40-year estimated useful life, $70,000 residual value, $2,400,000 cost

Equipment: 12-year estimated useful life, $11,680 residual value, $142,000 cost

The building was depreciated under the double-declining-balance method through 2019. In 2020, the company decided to switch to the straight-line method of depreciation because of a change in the pattern of benefits received. In 2020, Zui decided to change the equipments total useful life to 15 years, with a residual value of $5,600 at the end of that time. The equipment is depreciated using the straight-line method.

Prepare the journal entry necessary to record the depreciation expense on the building in 2020. (Ignore tax effects.) (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 0 for the amounts.)

Account Titles and Explanation	Debit	Credit

Calculate the depreciation expense on the equipment for 2020. (Ignore tax effects.) (Round answer to 0 decimal places, e.g. 5,275.)

Depreciation expense, equipment, 2020

$Enter your answer in accordance to the question statement