On January 1,2022, Cullumber Company purchased a building and equipment that have the following useful...
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On January Cullumber Company purchased a building and equipment that have the following useful lives, salvage values, and costs. Building, year estimated useful life, $ salvage value, $ cost Equipment, year estimated useful life, $ salvage value, $ cost The building has been depreciated under the doubledecliningbalance method through In the company decided to switch to the straightline method of depreciation. Cullumber also decided to change the total useful life of the equipment to years, with a salvage value of $ at the end of that time. The equipment is depreciated using the straightline method. a Prepare the journal entry necessary to record the depreciation expense on the building in Round answers to decimal places, e Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. List debit entry before credit entry. Account Titles and Explanation Debit Credit 
On January Cullumber Company purchased a building and equipment that have the following useful lives, salvage values, and costs.
Building, year estimated useful life, $ salvage value, $ cost
Equipment, year estimated useful life, $ salvage value, $ cost
The building has been depreciated under the doubledecliningbalance method through In the company decided to switch to the straightline method of depreciation. Cullumber also decided to change the total useful life of the equipment to years, with a salvage value of $ at the end of that time. The equipment is depreciated using the straightline method.
a
Prepare the journal entry necessary to record the depreciation expense on the building in Round answers to decimal places, e Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. List debit entry before credit entry.
Account Titles and Explanation
Debit
Credit
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