Question Completion Status: QUESTION 1 A company bought a piece of equipment for $40,700 and expects to use it for eight years. The company then plans to sell it for $4500. The company has already recorded depreciation of 535,267 21. Using the double-declining balance method, what is the company's annual depreciation expense for the upcoming year? (Round your answer to the nearest whole dollar amount.) $9250 $10,700 $932.79. $1358.00 QUESTION 2 Tonto Company purchased property for $145,000. The property included a building, equipment and land. The building was appraised at $80,000, the land at $54,000, and the equipment at $27.000. What is the amount of cost to be allocated to the building in the accounting records Round your intermediate calculations to 3 decimal places.) $80,000 $145.000 $72.065 Click Save and submit to save and submit. Click Save All Areto sow all are Save Als