Required Information E8-3 (Algo) Computing and Recording Cost and Depreciation of Assets (Straight-Line Depreciation) LOS. 2, 8-3 The following information applies to the questions displayed below] Shahla Company bought a building for $76,000 cash and the land on which it was located for $109,000 cash. The company paid transfer costs of $11.000 ($4.000 for the building and $7000 for the land) Renovation costs on the building before it could be used were $24 000 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 Accumulated depreciation Building Land $ 0 Net book value