Problem 7-7A (Algo) Compute depreciation, amortization, and book value of long-term assets (LO7-4, 7-5) Skip to question [The following information applies to the questions displayed below.] Stevens Sandwich Shop had the following long-term asset balances as of January 1, 2024: Cost Accumulated Depreciation Book Value Land $85,000 0 $85,000 Building 450,000 $(85,500) 364,500 Equipment 250,000 (48,000) 202,000 Patent 200,000 (80,000) 120,000 Stevens purchased all the assets at the beginning of 202