Check my work On March 31, 2018, Susquehanna Insurance purchased an office building for $10,800,000. Based on their relative fair values, one third of the purchase price was allocated to the land and two-thirds to the building. Furniture and fixtures were purchased separately from office equipment on the same date for $1,320,000 and $820,000, respectively. The company uses the straight-line method to depreciate its buildings and the double declining balance method to depreciate all other depreciable assets. The estimated useful lives and residual values of these assets are as follows: Service Life 40 Building Furniture and fixtures office equipment Residual Value 5% of cost 5% of cost $42,000 20 10 Required: Calculate depreciation for 2018 and 2019. (Do not round intermediate calculations.) Depreciation 2018 2019 Bundang Furniture and focures Omice equipment