These are all on the same question.

Required information The following information applies to the questions displayed below] As part of a major renovation at the beginning of the year, Atiase Pharmaceuticals, Inc. sold shelving units (recorded as Equipment) that were 10 years old for $950 cash. The shelves originally cost $7,000 and had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $500. 1. Complete the table below, indicating the account, amount, and direction of the effect on disposal. Assume that depreciation has been recorded to the date of sale. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign. Do not round intermed iate calculations.) Stockholder's Equity Liabilities Assets CD straight-line basis over an estimated usetul lite of 10 years with an estimated residual value ot $500 2. Prepare the journal entry to record the sale of the shelving units. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet A Record the sale of the shelving units for $950 Note: Enter debits before credits General Journal Credit Transaction Debit Record entry View general journal Clear entry CD Required information View transaction list Journal entry worksheet > A Record all expenditures for the land and buildings assuming all transactions were paid for with cash and occurred at the start of the year. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal CD Required information [The following information applies to the questions displayed below.] Bridge City Consulting bought a building and the land on which it is located for $125,000 cash. The land is estimated to represent 60 percent of the purchase price. The company paid $10,000 for building renovations before it was ready for use 3. Compute straight-line depreciation on the building at the end of one year, assuming an estimated 10-year useful life and a $3,000 estimated residual value. (Do not round intermed iate calculations.) 4. What should be the book value of (a) the land and (b) the building at the end of year 2? Straight-Line Depreciation 4(a) Land 4(b) Building CD