Existential Products started business in July 1, 2010 with the following purchases: Useful life Residual value Depr.Method Land Building Parking Lot, Lighting & Fencing Processing Equipment Office Equipment S175,000 Indefinite S890,000 40 years $66,000 15 years $189,000 10 years S70,000 5 years $175,000 Straight Line $7,800 Double Declining Balance S19,800 Units of Production $12,000 Double Declining Balance At the end of 2018, the company has come to the conclusion that the building will not last 40 years. The estimated useful life should have been 35 years with a salvage value of $124,965 What is the annual depreciation for the building for 2019? Original depreciation per year Book value 12-31-18 Depreciation for 2019 The Processing Equipment is rated to run for a total of 60,000 hours based on three shifts in ten years. Prepare a depreciation schedule for land improvements, processing equipment and office equipment Land Improvements 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Beg BV Depr Accum Depr Office Equipment 2010 2011 2012 2013 2014 Beg BV Depr Accum Depr