On January 1, 2014, Klinefelter Company purchased a building for $520,000. The building had an estimated life of 20 years and an estimated residual value of $20,000. The company has been depreciating the building using straight-line depreciation. At the beginning of 2020, the following independent situations occur:
Required:
For each of the independent situations, prepare all journal entries related to the building for 2020. Ignore income taxes.
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