Required information (The following information applies to the questions displayed below.) Shahia Company bought a building for $76,000 cash and the land on which it was located for $121,000 cash. The company paid transfer costs of $18,000 ($4,000 for the building and $14,000 for the land). Renovation costs on the building before it could be used were $19,000. 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