Shahia Company bought a building for $$74,000$ cash and the land on which it was located for $$108,000$ cash. The

company paid transfer costs of $$15,000($ $$7,000$ for the building and $$8,000$ for the land$).$ Renovation costs on t$.$Shahia Company bought a building for $$74,000$ cash and the land on which it was located for $$108,000$ cash. The company paid transfer costs of $$15,000($$$7,000$ for the building and $$8,000$ for the land$).$ Renovation costs on the building before it could be used were $$15,000.$

Calculate the accumulated depreciation then determine the net book value of the property $($land and building$)$ at the end of year $2.$

Note: Amounts to be deducted should be indicated by a minus sign.