Required Informatlon

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

Bridge City Consulting bought a bullding and the land on which it is located for $$182,000$ cash. The land is estimated to represent $70$ percent of the purchase price. The company paid $$22,000$ for bullding renovations before it was ready for use.

$3.$ Compute straight$-$line depreclation on the bullding at the end of one year, assuming an estimated $12-$year useful life and a $$4,600$ estimated residual value. $($Do not round Intermedlate calculations.$)$

$4.$ What should be the book value of $($a$)$ the land and $($b$)$ the bullding at the end of year $2?$

$\backslash$table$[[3.$ Straight$-$Line Depreciation$],[4($a$).$ Land$],[4($b$).$ Building$]]$