On March 31, 2016, the Herzog Company purchased a factory complete with machinery and equipment The alocation of the total purchase price of $1,010,000 to the various types of assets along with estmated useful lives and residual values are as follows: Estimated Residual Value Estimated Useful Life in Years N/A 20 10 Cost S 105,000 set Land Building Machinery NA none 510,000 230,000 12% of cost Equipment65,000 $15,000 Total$1,010,000 On June 29, 2017, machinery included in the March 31, 2016, purchase that cost $101,000 was sold for $81,000. Herzog uses the straight-line depreciation method for buildings and machinery and the sum-of- the-years'-digits method for equipment. Partial-year depreciation is calculated based on the number of months an asset is in service. Required: 1. Compute depreciation expense on the building, machinery, and equipment for 2016. (Do not round intermediate calculations.) Depreciation Expense Building Machinery Equipment