14 Tonto Company purchased property for $160,000. The property included a building, equipment and land. The building was appraised at $86,000, the land at $57,000, and the equipment at $30,000. What is the amount of cost to be allocated to the building in the accounting records? (Round your intermediate calculations to 3 decimal places.) Multiple Choice $160,000 $79,520 $86,000 $0 15 A company paid $503,000 to purchase equipment and $15,300 to have the equipment delivered to and installed in the company's production facilities. The equipment is expected to be used a total of 28,300 hours throughout its estimated useful life of seven years. The estimated residual value of the equipment is $5,300. The company began using the equipment on May 1, 2021. The company has an October 31, 2021 year-end. It used the equipment for a total of 11,500 hours between May 1 and October 31, 2021. Using the units-of-production method, what amount of depreciation expense would the company report in the income statement prepared for the year-ended October 31, 2021? Multiple Choice $104,231 $202,463 $513,000 $208,463