Sep. 1: Sold a building that cost $600,000 (accumulated depreciation of $245,000 through December 31 of the preceding year). Sophie Miller Associates received $410,000 cash from the sale of the building. Depreciation is computed on a straight-ine basis. The building has a 40-year useful life and a residual value of $45,000. Before we record the sale of the building, we must record depreciation on the building through September 1, 2018 Debit Date Accounts and Explanation Credit Sep. 1 DEPRECIATION EXPENSE ACCUMULATED DEPRECIATION To record depreciation on building Choose from any list or enter any number in the input fields and then click Check Answer parts remaining Clear All Check