Lester Company transferred the following assets to a newly created subsidiary, Mumby Corporation, in exchange for 40,000 shares of its $3 par value stock:

	Cost	Book Value
Cash	$	40,000		$	40,000
Accounts Receivable		75,000			68,000
Inventory		50,000			50,000
Land		35,000			35,000
Buildings		160,000			125,000
Equipment		240,000			180,000

The followingare the answers for Depreciation - how did they come up with those answers, if the questions doesn't give you more details?

Accumulated depreciationBuildings	35,000
Accumulated depreciationEquipment	60,000