Depreciation Expense

During 2017, Adams Company acquired three assets with the following costs, estimated useful lives, and estimated salvage values:

Date	Asset	Cost		Estimated Useful Life		Estimated Salvage Value
February 27	Truck	$23,200		4 years		$4,000
June 22	Computer	39,300		7 years		3,600
September 4	Building	346,000		30 years		58,000

The company uses the straight-line method to depreciate all assets and computes depreciation to the nearest month. For example, the computer system will be depreciated for six months in 2017.

Required:

1. Compute the depreciation expense that Adams will record on each of the three assets for 2017. Do not round intermediate calculations. If required, round your answers to the nearest dollar.

Asset	Depreciation Expense
Truck	$fill in the blank 1
Computer	$fill in the blank 2
Building	$fill in the blank 3

2. Which of the following statements is incorrect?