(Solved): Masterson Supply purchased a small storage bullding for $20,000 to be used over a five-year per ...

Masterson Supply purchased a small storage bullding for $\$20,000$ to be used over a five-year period. The bullding is depreclated on a straight-IIne basis and has no residual value. Early in the fourth year, the storage bullding burned down. Record the retirement of the remaining book value of the storage bullding. Note: If no entry Is required for a particular transaction/event, select "No Journal Entry Required" In the first account fleld. Journal entry worksheet Record the retirement of the remaining book value of the storage building. Note: Enter debits before credits.