Required information E9-2 (Algo) Computing and Recording a Basket Purchase and Straight-Line Depreciation [LO 9-2, LO 9-3] [The following information applies to the questions displayed below] Bridge City Consulting bought a building and the land on which it is located for $155,000 cash. The land is estimated to represent 70 percent of the purchase price. The company paid $10,000 for buliding renovations before it was ready for use: :9-2 (Algo) Part 3 and 4 Compute straight-line depreciotion on the buliding ot the end of one yeaf, assuming an estimated 10-year usefut lifo and a $16,500 estimated residual value. (Do not round intermediate calculations.) What should be the book value of (a) the land and (b) the bulding at the end of year 2 ? Required information E9-2 (Algo) Computing and Recording a Basket Purchase and Straight-Line Depreciation [LO 9-2, LO 9-3] [The following information applies to the questions displayed below] Bridge City Consulting bought a building and the land on which it is located for $155,000 cash. The land is estimated to represent 70 percent of the purchase price. The company paid $10,000 for buliding renovations before it was ready for use: :9-2 (Algo) Part 3 and 4 Compute straight-line depreciotion on the buliding ot the end of one yeaf, assuming an estimated 10-year usefut lifo and a $16,500 estimated residual value. (Do not round intermediate calculations.) What should be the book value of (a) the land and (b) the bulding at the end of year 2