On March 31, 2016, Susquehanna Insurance purchased an office building for $12,000,000. Based on their relative fair 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 $1,200,000 and $700,000, 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:

Required:
Calculate depreciation for 2016 and 2017.

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Service Life 30 10 Residual Value 10% of cost 10% of cost Building Furniture and fixtures Office equipment $30,000