Solich Sandwich Shop had the following long-term asset balances as of December 31, 2018:

	Cost	Accumulated Depreciation		Book Value
Land	$ 87,000			$ 87,000
Building	452,000	$(85,880	)	366,120
Equipment	205,600	(48,400	)	157,200
Patent	210,000	(84,000	)	126,000

Solich purchased all the assets at the beginning of 2016 (3 years ago). The building is depreciated over a 20-year service life using the double-declining-balance method and estimating no residual value. The equipment is depreciated over a 8-year useful life using the straight-line method with an estimated residual value of $12,000. 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 2016 and 2017.

1. For the year ended December 31, 2018, 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.)

2. Calculate the book value for each of the four long-term assets at December 31, 2018.