Required information

$[$The following information applies to the questions displayed below.$]$

Stevens Sandwich Shop had the following long$-$term asset balances as of January $1,2024$:

Stevens purchased all the assets at the beginning of $2022.$

The building is depreciated over a $20-$year service life using the double$-$declining$-$balance method and estimating no

residual value.

The equipment is depreciated over a $10-$year service life using the straight$-$line method with an estimated residual

value of $$13,000.$

The patent is estimated to have a five$-$year service life with no residual value and is amortized using the straight$-$line

method.

Depreciation and amortization have been recorded for $2022$ and $2023($first two years$).$

Required:

For the year ended December $31,2024($third year$),$ record the adjusting entry for depreciation expense for buildings and equipment.

Land is not depreciated.

Note: If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.