The Snack Stop had the following long$-$term asset balances as of January $1,2024$:

$\backslash$table$[[,$Cost,$\backslash$table$[[$Accumulated$],[$Depreciation$]],$Book Value$],[$Land$,$$$74,000,0,$$$74,000$

Required $1$

Required $3$

For the year ended December $31,2024($third year$),$ record depreciation expense for buildings and equipment. Land $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

$\backslash$table$[[,$No$,$Transaction,General Journal,Debit,Credit$],[$@$,1,1,$Depreciation Expense,,$],[$C$,",$Accumulated Depreciation,,$],[$@$,2,2,$Depreciation Expense,,$],[,,$Accumulated Depreciation,,$]]$

Journal entry worksheet

$1$

Record amortization of the patent.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$

Required $1$

Calculate the book value for each of the four long$-$term assets at December $31,2024.$

$\backslash$table$[[$THE SNACK STOP$],[$December $31,2024],[,$Book Value$],[$Land$,],[$Building$,],[$Equipment$,],[$Patent$,]]$