Brown Freight-way provides freight service. The company's balance sheet includes Land, Buildings, and Motor-Carrier Equipment. Brown Freight-way uses a separate accumulated depreciation account for each depreciable asset. During 2016, Brown Freight-way completed the following transactions:

Jan 1 Traded in motor-carrier equipment with accumulated depreciation of $84,000 (cost of $130,000) for new equipment with a cash cost of $149,000. Brown Freight-way received a trade-in allowance of $54000 on the old equipment and paid the remainder in cash.

Jul 1 Sold a building that cost $560,000 and had accumulated depreciation of $260,000 through December 31 of the preceding year Depreciation is computed on a straight-line basis. The building has a 40-year useful life and a residual value of $40,000. Brown Freight-way received $100,000 cash and a $340,000 note receivable.

Oct 31 Purchased land and a building for a cash payment of $350,000. An independent appraisal valued the land at $115,500 and the building at $269,500.

Dec 31 Recorded depreciation as follows:

New motor-carrier equipment has an expected useful life of 1,000, 000 miles and an estimated residual value of $19,000. Depreciation method is the units-of-production method. During the year, Brown Freight-way drove the equipment 150,000 miles Depreciation on buildings is straight-line. The new building has a 40-year useful life and a residual value equal to $35,000.

Requirement

Record the transactions in Brown Freight-way's journal. Round your depreciation expense to the nearest whole dollar?