! Required information [The following information applies to the questions displayed below.] Shahia Company bought a building for $85,000 cash and the land on which it was located for $113,000 cash. The company paid transfer costs of $20,000 ($3,000 for the building and $17,000 for the land). Renovation costs on the building before it could be used were $29,000. 2. Compute straight-line depreciation at the end of one year, assuming an estimated 10-year useful life and a $16,000 estimated residual value. Straight-line depreciation This is a numeric cell, so please enter numbers only