On January 1, 2020, Creative Calligraphy Inc. purchased land, building, equipment, and tools for a total of $3,720,000. An appraisal identified the fair values to be $1,026,000 (land). $1.296,000 (building), $297.000 (equipment), and $81,000 (tools). The estimated useful life and residual value of the building was 10 years and $760,000, for the equipment, five years and $54,000 and for the tools. three years and $8.200. Required: Calculate depreciation for 2020 and 2021 using the double-declining-balance method. Creative Calligraphy's year-end is December 31. (Do not round intermediate calculations and round your final answers to nearest whole dollar.) 2020 Depreciation 2021 Depreciation PPE Asset Land Building Equipment Tools