4. Lone Rider Brewing Company purchases the following two assets this year: A computer for $3,000 on May 20 and a brewing tank for $25,000 on November 10. Showing all of your work compute in good form the depreciation that must be taken on each asset. 3. Ace Corp purchases an office building on March 16 of this year. The purchase price was $325,000 for the building and $525,000 for the land on which the building rests. a) Showing all of your work compute the depreciation for this year. b) On October 1 of the next year Ace Corp sells the building and land. Showing all of your work compute the depreciation that needs to be taken. 4. Lone Rider Brewing Company purchases the following two assets this year: A computer for $3,000 on May 20 and a brewing tank for $25,000 on November 10. Showing all of your work compute in good form the depreciation that must be taken on each asset. 3. Ace Corp purchases an office building on March 16 of this year. The purchase price was $325,000 for the building and $525,000 for the land on which the building rests. a) Showing all of your work compute the depreciation for this year. b) On October 1 of the next year Ace Corp sells the building and land. Showing all of your work compute the depreciation that needs to be taken