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Exercise 11-7 Depreciation methods; partial periods (L011-2] On March 31, 2018 Susquehanna Insurance purchased an office building for $10.200.000. Based on their relative fan values,
Exercise 11-7 Depreciation methods; partial periods (L011-2] On March 31, 2018 Susquehanna Insurance purchased an office building for $10.200.000. Based on their relative fan 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 $1,300,000 and 5800,000 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 Residual Building Furniture and fixtur office equipment Required: Calculate depreciation for 2018 and 2019. (Do not round Intermediate calculations.) 2018 Blond
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