Question: PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE THANK YOU! On March 31, 2021, Susquehanna Insurance purchased an office building for $12,300,000. Based
PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE THANK YOU!

On March 31, 2021, Susquehanna Insurance purchased an office building for $12,300,000. Based on their relative falr values, one-third of the purchase price was allocated to the land and two-thirds to the building. Furniture and fixtures were purchased separately from office equipment on the same date for $1,210,000 and $710,000, respectively. The company uses the straight-line method to depreciate its buildings and the double-declining-balance method to depreciate all other depreciable assets. The estimated useful lives and residual values of these assets are as follows: Service Life Building Furniture and fixtures Office equipment 25 20 10 Residual Value 10% of cost 19% of cost $31,000 Required: Calculate depreciation for 2021 and 2022. (Do not round Intermediate calculations.) Depreciation 2021 2022 Building Furniture and fixtures Office equipment
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