View transaction list Journal entry worksheet 2 5 6 10 GIPI will depreciate the gymnasium building using the straight-line method over 20 years with a residual value of $2,000. Gym equipment will be depreciated using the double-declining-balance method, with an estimated residual value of $2,250 at the end of its four year useful life. Record Note: Enter debits before credits. Date General Journal DebitCredit Jan 31 Depreciation Expense Accumulated Depreciation-Buildings Accumulated Depreciation- Equipment Record entry Clear entry View general journal View transaction list Journal entry worksheet 2 5 6 10 GIPI will depreciate the gymnasium building using the straight-line method over 20 years with a residual value of $2,000. Gym equipment will be depreciated using the double-declining-balance method, with an estimated residual value of $2,250 at the end of its four year useful life. Record Note: Enter debits before credits. Date General Journal DebitCredit Jan 31 Depreciation Expense Accumulated Depreciation-Buildings Accumulated Depreciation- Equipment Record entry Clear entry View general journal