Requirement 2. All construction was complete and the assets were placed in service on May 1. Record partial-year depreciation for the year ended December 31 . Round to the nearest dollar. (Record a single compound journal entry. Round all depreciation expense amounts to the nearest whole dollar. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Data table Best Parking depreciates land improvements over 20 years, buildings over 40 years, and furniture over 10 years, all on a straight-line basis with zero residual value. Read the requirements