Required information E8-3 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 $82,000 cash and the land on which it was located for $120,000 cash. The company paid transfer costs of $17,000 ($4,000 for the building and $13,000 for the land), Renovation costs on the building were $26,000. E8-3 Part 3 3. What would be the net book value of the property (and and building) at the end of year 2? (Amounts to be deducted should be indicated by a minus sign.) Depreciation expense Accumulated depreciation Net book value 0 Required information E8-3 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 $82,000 cash and the land on which it was located for $120,000 cash. The company paid transfer costs of $17,000 ($4,000 for the building and $13,000 for the land), Renovation costs on the building were $26,000. E8-3 Part 3 3. What would be the net book value of the property (and and building) at the end of year 2? (Amounts to be deducted should be indicated by a minus sign.) Depreciation expense Accumulated depreciation Net book value 0