On January $1,$ Masterson Supply purchased a small storage building for $$20,000$ to be used over a five$-$year period. The building has no residual value. Early in the fourth year, the storage building burned down.

Record the retirement of the remaining book value of the storage building. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$