pa9-4 (algo) recording transactions and adjustments for tangible and intangible assets [lo 9-1, lo 9-2, lo 9-3, lo 9-4, lo 9-5, lo 9-6] the following transactions and adjusting entries were completed by a paper-packaging company called gravure graphics international. the company uses straight-line depreciation for trucks and other vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for patents. january 2, 2020 paid $102,000 cash to purchase storage shed components.