The Snack Stop had the following long-term asset balances as of January 1, 2021. Cost Accumulated Depreciation Land Building Equipment Patent $ 90,000 680,cee 200 , 88,888 $ (50,000) (72,000) (20.099) Book Value $ 90,000 540,000 128.00 50,000 All of the assets were purchased at the beginning of 2020. The building is depreciated over a 20-year service life using the stratght- line method and estimating no residual value. The equipment is depreciated over a 10-year useful life using the double-declining- balance method with an estimated residual value of $10.000. The patent is estimated to have an elght-year service life with no residual value and is amortized using the stralght-line method. Depreciation and amortization have already been calculated for the first two years Required: 1. For the year ended December 31, 2022, record depreciation expense for bulldings and equipment Land is not depreciated. 2. For the year ended December 31, 2022, record amortization expense for the patent. 3. Calculate the book value for each of the four long-term assets at December 31, 2022 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 For the year ended December 31, 2022, record depreciation expense for buildings and equipment. Land is not depreciated. (If no entry is required for a particular transaction/event, select No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the depreciation on the building, Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Patent B0,000 (20,wee) begee All of the assets were purchased at the beginning of 2020. The building is depreciated over a 20-years line method and estimating no residual value. The equipment is depreciated over a 10-year useful life us balance method with an estimated residual value of $10 000. The patent is estimated to have an eight-ye value and is amortized using the straight-line method Depreciation and amortization have already been years Required: 1. For the year ended December 31, 2022, record depreciation expense for buildings and equipment Lan 2. For the year ended December 31, 2022, record amortization expense for the patent. 3. Calculate the book value for each of the four long-term assets at December 31, 2022 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 For the year ended December 31, 2022, record amortization expense for the patent. (If no entry is required for transaction/event, select "No Journal Entry Required in the first account fleld.) View transaction list Journal entry worksheet