The following transactions and adjusting entries were completed by a local delivery company called Fast Delivery. The company uses straight-line depreciation for delivery vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for franchise rights.

January 2, 2014	Paid $168,000 cash to purchase a small warehouse building near the airport. The building has an estimated life of 20 years, and a residual value of $3,300.
July 1, 2014	Paid $33,000 cash to purchase a delivery van. The van has an estimated useful life of five years, and a residual value of $6,600.
October 2, 2014	Paid $300 cash to paint a small office in the warehouse building.
October 13, 2014	Paid $250 cash to get the oil changed in the delivery van.
December 1, 2014	Paid $100,500 cash to UPS to begin operating Fast Delivery business as a franchise using the name The UPS Store. This franchise right expires in five years.
December 31, 2014	Recorded depreciation and amortization on the delivery van, warehouse building, and franchise right.
June 30, 2015	Sold the warehouse building for $134,000 cash. (Record the depreciation on the building prior to recording its disposal.)
December 31, 2015	Recorded depreciation on the delivery van and amortization on the franchise right. Determined that the franchise right was not impaired in value. Record the depreciation and amortization expenses on the delivery van, warehouse building, and franchise rights for the year 2014. Record the depreciation and amortization expenses on the delivery van and franchise rights for the year 2015.