Solich Sandwich Shop had the following long-term asset balances as of December 31, 2021 Accumulated Depreciation 3 Land Building Equipment Patent Cost $ 76,000 441,000 221,900 155,000 $(158,760) (46,200) (62,000) Book Value $ 76,000 282,240 175,700 93,000 OK Solich purchased all the assets at the beginning of 2019 (3 years ago). The building is depreciated over a 10-year service life using the double-declining-balance method and estimating no residual value. The equipment is depreciated over a 9. year useful life using the straight-line method with an estimated residual value of $14,000. The patent is estimated to have a five-year service life with no residual value and is amortized using the straight-line method. Depreciation and amortization have been recorded for 2019 and 2020, nt ences Required: 1. For the year ended December 31, 2021. record depreciation expense for buildings and equipment Land is not depreciated. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 > Record the depreciation on the building Required information Required: 1. For the year ended December 31, 2021. record depreciation expense for buildings and equipment, Land is not depreciated. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet