In January, Rankine Company paid $10,200,000 for land and a building. An appraisal estimated that the land had a fair value of $3,000,000 and the building was worth $7,200,000. Rankine estimated that the useful life of the building was 30 years, with no residual value. a. Calculate annual depreciation expense using the straight-line method. $: b. Calculate depreciation for the first and second year using the double-declining method. Round to the nearest whole dollar amount. Use rounded answers in subsequent calculations. Year 1 $ Year 2 $ c. Assume that in the third year, Rankine changed its estimate of the useful life of the building to 25 years. If the company is using the double-declining balance method of depreciation. What amount of depreciation expense would Rankine record in the third year? Do not round until your final answer. Round answer to the nearest whole