Help Save On January 1, 2020, Creative Calligraphy Inc purchased land, building, equipment, and tools for a total of $2,520,000. An appraisal identified the fair values to be $700,000 (land). $1120,000 (building). $210,000 (equipment), and $70,000 tools) The estimated useful life and residual value of the building was 10 years and $700,000, for the equipment, five years and 512,000, and for the tools, three years and $7,000 Required: Calculate depreciation for 2020 and 2021 using the double declining balance method. Creative Calligraphy's year-end is December 31. (Do not found intermediate calculations and round your final answers to nearest whole dollar) Land Building Equipment Tools