Required information [The following information applies to the questions displayed below.) Shahia Company bought a building for $382,000 cash and the land on which it was located for $107,000 cash. The company paid transfer costs of $9.000 ($3,000 for the building and $6,000 for the land). Renovation costs on the building before it could be used were $21,000. 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 Land $ 113,000 Building 406,000 'Accumulated depreciation Not book value $ 519,000 Required information [The following information applies to the questions displayed below.) Shahia Company bought a building for $382,000 cash and the land on which it was located for $107,000 cash. The company paid transfer costs of $9.000 ($3,000 for the building and $6,000 for the land). Renovation costs on the building before it could be used were $21,000. 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 Land $ 113,000 Building 406,000 'Accumulated depreciation Not book value $ 519,000