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

Additional information:

The Snack Stop purchased all the assets at the bleginning of $2022.$

The building is depreciated over a $20-$year service life using the double$-$declining$-$balance method and estimating no residual value.

The equipment is depreciated over a $8-$year useful life using the straight$-$line method with an estimated residual value of $$11,000.$

The patent is estimated to have a five$-$year service life with no residual value and is amortized using the straight$-$line method.

Depreciation and amortization have been recorded for $2022$ and $2023($first two years$).$

Required:

For the year ended December $31,2024($third year$),$ record depreciation expense for buildings and equipment. Land is not depreciated.

For the year ended December $31,2024,$ record amortization expense for the patent.

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