On March 31, 2016, the Herzog Company purchased a factory complete with machinery and equipment. The allocation of the total purchase price of $900,000 to the various types of assets along with estimated useful lives and residual values are as follows: Estimated Residual Value Estimated Useful Life in Years NIA 25 Cost $150,000N/A Asset Land Building400,000 none Machinery 200,000 12% of cost Equipment 150,000 $15,000 Total $ 900,000 On June 29, 2017, machinery included in the March 31.2016, purchase that cost $90,000 was sold for $70,000. 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