The folowing information applies to the questions displayed below Depreciaon Book Velue $92.000 292.480 $ 92.000 Building Equipment 457000 $064520 49,400) 141000 value of $12.000 The patent is estimated to have a five year service Iife with no residual value and is amortized using the straight-Iine method. Depreciation and amortization have been recorded for 2016 and 2017 wejourna" entry required-inthe first account field) Journal entry worksheet account field.) ournal entry worksheet Record the amortization on the patent. Clear entry 3. Calculate the book value for each of the four long-term assets at December 31, 2018 SANDWICH SHOP December 31, 2018 Land Building Patent