! Required information E8-3 (Algo) Computing and Recording Cost and Depreciation of Assets (Straight-Line Depreciation) LO8- 2,8-3 [The following information applies to the questions displayed below.] Shahia Company bought a building for $90,000 cash and the land on which it was located for $111,000 cash. The company paid transfer costs of $16,000 ($5,000 for the building and $11,000 for the land). Renovation costs on the building before it could be used were $17,000. E8-3 Part 3 3. What would be the net book value of the property (land and building) at the end of year 2? (Amounts to be deducted should be indicated by a minus sign.) Net book value of property at end of Year 2 Net book value 0 Chec