Yaniv Company was established on Jan 1st 2020. The following is information regarding the companys PP&E: Original cost Book value - Dec 31st 2020 Book value - Dec 31st 2021 Note Machine ??? ??? $1,500,000 A Building $12,000,000 ??? ??? B Vehicle $200,000 ??? ??? C Additional data:

A. The machine was acquired on the same day that the company was established but only on July 1st 2020 it was in its intended usable condition and started working. The machine is depreciated using the Straight-Line method, its useful life is 4 years and has no salvage value. B. The building was acquired on the same day the company was established. The building is depreciated using the Straight-Line method, its useful life is 25 years, 1/3 of its cost is attributed to the land and the rest attributed to the building itself. C. The vehicle was acquired on the same day that the company was established. The vehicle is depreciated using the Double Declining balance depreciation method, its useful life is 4 years and 20% out of its original cost is the estimated salvage value. Required: 1. What is the vehicle depreciation expenses for 2021? 2. What is the net balance of the Building on Dec 31st, 2021? 3. What was the original cost of the machine? 4. On Jan 1st 2022 the company sold the building for $11,500,000 in cash. Prepare the journal entry to record this transaction.