The property, plant, and equipment section of the Jasper Companys December 31, 2015, balance sheet contained the following:

Property, plant, and equipment:
Land				$	112,000
Building	$	672,000
Less: Accumulated depreciation		(160,000	)		512,000
Equipment		157,800
Less: Accumulated depreciation		?			?
Total property, plant, and equipment					?

The land and building were purchased at the beginning of 2011. Straight-line depreciation is used and a residual value of $32,000 for the building is anticipated.

The equipment is comprised of the following three machines:

Machine	Cost			Date Acquired	Residual Value			Life in Years
101	$	61,200		1/1/13	$	6,200		10
102		72,800		6/30/14		7,200		8
103		23,800		9/1/15		2,200		9

The straight-line method is used to determine depreciation on the equipment. On March 31, 2016, Machine 102 was sold for $47,500. Early in 2016, the useful life of machine 101 was revised to seven years in total, and the residual value was revised to zero.

Required:
1.	Calculate the accumulated depreciation on the equipment at December 31, 2015. 2. Prepare the 2016 year-end adjusting journal entries to record depreciation on the building and equipment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.