Required information [The following information applies to the questions displayed below] Shahia Company bought a building for $79,000 cash and the land on which it was located for $123,000 cash. The company paid transfer costs of $13,000 (\$6,000 for the building and $7,000 for the land). Renovation costs on the building before it could be used were $27,000. 2. Compute straight-line depreciation at the end of one year, assuming an estimated 10 -year useful life and a $8,000 estimated residual value