answer both a and b please!!

Total depreciation expense recorded over an asset's life will equal The asset's cost minus salvage value. The fair market value of the asset The cost of the asset The salvage value of the asset. Hatchet Corporation purchased a lump-sum group of assets for $500,000. These assets included 1) a building, with a fair market value of 420.000, 2) furniture, with a fair market value of 60,000, and 3) equipment, with a fair market value of 40,000. How much should Hatchet report as equipment from this purchase on its balance sheet? $41.600 The amount can't be determined based on this information 338,462 $40,000