Listed below are long-lived assets. The company uses the straight-line method to determine depreciation expense. Assume in all cases that the asset€™s first and last years are full years, and that all assumptions and estimates used to derive depreciation remain unchanged throughout the assets€™ useful lives.

Required:
For each asset, calculate the depreciation expense for the first, third, fifth, and last year of the assets€™ useful lives.

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Estimated useful life Item Lathe Building Earth-moving truck Electric turbine Stamping machine Cost 4,000,000 S25,000,000 S 700,000 S 7,000,000 S10,000,000 Estimated residual value s 200,000 S 500,000 S 70,000 s 800,000 $3,000,000 vears 20 years 6 years 10 years 9 years