2 of 5 View Policies -12= Current Attempt in Progress Oriole Electronics purchased packaging equipment for $528.000 cash on July 1, 2022. Management estimates the equipment can package 704.000 inventory units and will be productive for 5 years. Its salvage value is estimated at $44,000. During 2022. the equipment packaged 114,400 units, with another 123,200 units in 2022. Compute the annual depreciation expense for 2022 and 2023, and book value at December 31, 2023, under the straight-line method. 2022 depreciation 2023 depreciation December 31, 2023 book value $ Save for Lane Attempts: 0 of 1 used SA View Policies Current Attempt in Progress Cullumber Chrome Bumpers bought two acres of land with an old office building on it that was deemed unusable. The cost was $403,200 of which Cullumber Chrome paid $67,200 in cash as a down payment and signed a 7% mortgage for the remainder. Cullumber Chrome immediately had the old building razed at a total cost of $7,300 and sold the salvaged materials for $1,840. Attorneys were paid $920 in connection with the purchase. The architect's fee for drawing building plans for the new building cost $5.720. Cullumber Chrome paid $2,600 in connection with permits and zoning variances necessary prior to construction of the new building Cullumber Chrome paid the contractor $1,192,800 for construction of the new building along with $35,280 for a parking lot and necessary walkways and driveways Answer the following question. (a) At what amount should the land be recorded? Land be recorded S (b) Attempts: 0 of 1 used Subine Answer The parts of this question must be completed in order. This part will be available when you complete the part above