Gr Seattle Grace-Mercy West Hospital purchased the following plant assets on January 1, 20X3: ou Instructions: 1) First, determine depreciation in cells G12-G14, then complete #2 and #3. 2) Assuming straight line depreciation, what is the depreciation expense for 20X7? 3) At what amount, net of accumulated depreciation, would these assets be presented in the balance sheet of the hospital at December 31, 20X8? Estimated Useful Life (Years) Salvage Value Depreciation Per Year Link to these cells when using them again Land Buildings Equipment Cost $ 8,405,000 $ 31,854,000 $ 10,500,000 $ $ 9,450,000 1,995,000 32 8 2) Buildings - Depreciation Equipment- Depreciation Depreciation Expense, 20x7: 3) Annual Depreciation 20X5 20X6 Asset Value, Dec. 31, 20X8 (net Acc. Depr.) Book Value 20X3 20X4 20X7 20X8 Asset Land Buildings Equipment Total Carrying Value