In its first year of business, Coronado purchased land, a building, and equipment on March 5, 2023, for $636,000 in total. The land was valued at $269,400, the building at $336,750, and the equipment at $67,350. Additional information on the depreciable assets follows: Asset Residual Value Useful Life in Years Depreciation Method Building $25,200 60 Straight-line Equipment 4,000 8 Double diminishing-balance (a) Your answer is correct. Allocate the purchase cost of the land, building, and equipment to each of the assets. Land Building Equipment +A +A 254400 318000 63600 Your answer is partially correct. Coronado has a December 31 fiscal year end and is trying to decide how to calculate depreciation for assets purchased during the year. Calculate depreciation expense for the building and equipment for 2023 and 2024 assuming depreciation is calculated to the nearest month. (Round answers to O decimal places, e.g. 5,275.) Building Equipment $ eTextbook and Media 2023 4066 EA SA 2024 4880 Assistance Used