2. Depreciation Salvo, Inc. acquired a building for $244,000 on January 1. Included in the purchase is land for which $10,000 is allocated to the land cost. The building is estimated to have a $14,000 residual value and a 10 year useful life. . . . What is the expense for the first year? What is the expense for the tenth year? What is the accumulated depreciation in the tenth year? Banana Wind Travel Company purchased office equipment for $24,000 on July 1 of the current year. The equipment is estimated to serve for 6 years and have no junk value. . . . What is the depreciation expense in the first year? What is the depreciation expense in the second year? What is the accumulated depreciation in the second year? How does the matching principal relate to depreciation? Give an example