What is the adjusting entry on 12/31/95 for annual depreciation as a % cost for building 3%; equipment 12% ?

Unadjusted trial balance:

Db Building 144,000
Cr accumlated depr. Building 16,200

Db Equipment 58,000
Cr accumlated depre. 13,920

Depreciation is always a debit to Depreciation Expense and a credit to Accumulated Depreciation.

As for the dollar amounts, literally figure those percentages they gave you.