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The following transactions occurred during 2025 . Assume that depreciation of 10% per year is charged on all machinery and 3% per year on buildings, on a straight-line basis, with no estimated salvage value. Depreciation is charged for a full year on all fixed assets acquired during the year, and no depreciation is charged on fixed assets disposed of during the year. Jan. 30 A building that cost $253,000 in 2008 is torn down to make room for a new building. The wrecking contractor was paid $17,600 and was permitted to keep all materials salvaged. Mar. 10 Machinery that was purchased in 2018 for $19,600 is sold for $1,400 cash, f.o.b. purchaser's plant. Freight of $1,100 is paid on this machinery. Mar. 20 A gear breaks on a machine that cost $12,200 in 2017 . The gear is replaced at a cost of $710. The replacement does not extend the useful life of the machine. May 18 A special base installed for a machine in 2019 when the machine was purchased has to be replaced at a cost of $5,400 because of defective workmanship on the original base. The cost of the machinery was $15,300 in 2019. The cost of the base was $2,700, and this amount was charged to the Machinery account in 2019. June 23 One of the buildings is repainted at a cost of $12,200. It had not been painted since it was constructec in 2021. The following transactions occurred during 2025 . Assume that depreciation of 10% per year is charged on all machinery and 3% per year on buildings, on a straight-line basis, with no estimated salvage value. Depreciation is charged for a full year on all fixed assets acquired during the year, and no depreciation is charged on fixed assets disposed of during the year. Jan. 30 A building that cost $253,000 in 2008 is torn down to make room for a new building. The wrecking contractor was paid $17,600 and was permitted to keep all materials salvaged. Mar. 10 Machinery that was purchased in 2018 for $19,600 is sold for $1,400 cash, f.o.b. purchaser's plant. Freight of $1,100 is paid on this machinery. Mar. 20 A gear breaks on a machine that cost $12,200 in 2017 . The gear is replaced at a cost of $710. The replacement does not extend the useful life of the machine. May 18 A special base installed for a machine in 2019 when the machine was purchased has to be replaced at a cost of $5,400 because of defective workmanship on the original base. The cost of the machinery was $15,300 in 2019. The cost of the base was $2,700, and this amount was charged to the Machinery account in 2019. June 23 One of the buildings is repainted at a cost of $12,200. It had not been painted since it was constructec in 2021