please help me answer question 11

Use the following information to answer the next two questions On 5/1/2007 Rice Corp. purchased a building for $450,000, paid closing costs of $14,000, and paid $26,000 to have the building prepared for use. During preparation for the new building, Rice Corp was able to sell salvaged materials to a salvage company for $7, 500 in cash. Management of Rice Corp. estimates that the building will have a useful life of 20 years (the asset will be used through 4/30/2026) and a salvage value of $65,000. The company depreciates its buildings using double-declining balance. Record the 5/1/2007 journal entry for the purchase of the building. What amount will Rice record as a debit to building? $464,000. $425,000. $468, 500. $443, 500. $410,000. $482, 500. $497, 500. None of the above. Assume that Rice Corp. originally recorded the building at a cost of $500,000. On 7/1/2013 Rice Corp. sells the building for $300,000. Record the journal entry for this transaction. What is the gain or loss Rice will record related to this sale? Round all calculations to the nearest dollar. Loss of $47, 750. Gain of $60, 852. Gain of $38, 216. Gain of $72, 248. Gain of $47, 566. Gain of $28, 867. Loss of $200,000. None of the above