Required information [The following information applies to the questions displayed below.] Shahia Company bought a building for $75,000 cash and the land on which it was located for $126,000 cash. The company paid transfer costs of $12,000 ($6,000 for the building and $6,000 for the land). Renovation costs on the building before it could be used were $20,000. 2. Compute straight-line depreciation at the end of one year, assuming an estimated 10-year useful life and a $11,000 estimated residual value. Straight-line depreciation