The following transactions and adjusting entries were completed by a paper-packaging company called Gravure Graphics International during 2015 and 2016. The company uses straight-line depreciation for trucks and other vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for patents. January 2 , 2015 Paid $86,000 cash to purchase storage shed components. January 3 , 2015 Paid $2,000 cash to have the storage shed erected. The storage shed has an estimated life of 10 years and a residual value of $5,000. April 1 , 2015 Paid $40,000 cash to purchase a pickup truck for use in the business. The truck has an estimated useful life of five years and a residual value of $3,000. May 13 , 2015 Paid $500 cash for repairs to the pickup truck. July 1 , 2015 Paid $29,000 cash to purchase patent rights on a new paper bag manufacturing process. The patent is estimated to have a remaining useful life of five years. December 31 , 2015 Recorded depreciation and amortization on the pickup truck, storage shed, and patent. June 30 , 2016 Sold the pickup truck for $34,000 cash. (Record the depreciation on the truck prior to recording its disposal.) December 31 , 2016 Recorded depreciation on the storage shed. Determined that the patent was impaired and wrote off its remaining book value (i.e., wrote down the book value to zero). Record the journal entries for the following: 1. Record the purchase of storage shed components for $86,000. 2. Record the payment of $2,000 to have the storage shed erected 3. Record the purchase of a pickup truck for $40,000. 4.. Record the repairs of $500 to the pickup truck. 5.. Record the purchase of a patent for $29,000 on a new paper bag manufacturing process 6. Record the depreciation and amortization expense on the pickup truck, storage shed and patent for the year 7. Record the depreciation for the truck up to the date of sale. 8. Record the sale of the pickup truck for $34,000 cash. 9. Record the depreciation on the storage shed for the year. 10. Record any impairment loss incurred on the patent. In the books of Gravure Graphics International: # Date Account Titles Debit Credit $ $ 1. January 2, 2015 Buildings 86,000 Cash 86,000 2. January 3, 2015 Buildings 2,000 Cash 2,000 3. April 1, 2015 Equipment 40,000 Cash 40,000 4. May 13, 2015 Repairs Expense 500 Cash 500 5. July 1, 2015 Patents 29,000 Cash 29,000 6. December 31, 2015 Depreciation Expense 23,150 Amortization Expense 2,900 Accumulated Depreciation - Buildings ( 88,000 x 100/10 x 1/100 x 2) 17,600 Accumulated Depreciation - Equipment ( 40,000 - 3,000) / 5 x 9/12 5,550 Accumulated Amortization - Patents ( 29,000/5 ) x 1/2 2,900 7. June 30, 2016 Depreciation Expense ( 40,000 - 3,000) / 5 x 1/2 3,700 Accumulated Depreciation - Equipment 3,700 8. June 30, 2016 Cash 34,000 Accumulated Depreciation - Equipment 9,250 Equipment 40,000 Gain on Disposal 3,250 9. December 31, 2016 Depreciation Expense 14,080 Accumulated Depreciation - Buildings 14,080 10. December 31, 2016 Impairment loss 26,100 Accumulated Amortization - Patents 2,900 Patents 29,000

Hello Sir Can you please tell me how did you get 14,080 for the Depreciation Expense & Accumulated Depreciation - Buildings Thanks