Current Attempt in Progress In its first year of business, Pearl purchased land, a building, and equipment on March 5, 2020, for $660,000 in total. The land was valued at $290,640, the building at $332,160, and the equipment at $69,200. Additional information on the depreciable assets follows: Asset Building Equipment Residual Value $19,800 7,000 Useful Life in Years 60 8 Depreciation Method Straight-line Double diminishing balance Allocate the purchase cost of the land, building, and equipment to each of the assets. Land S $ Building Equipment s e Textbook and Media Pearl has a December 31 fiscal year end and is trying to decide how to calculate depreciation for assets purchased during the year. Calculate depreciation expense for the building and equipment for 2020 and 2021 assuming depreciation is calculated to the nearest month (Round answers to decimal places, eg. 5,275.) 2020 2021 Building $ S Equipments $