On March 31, 2016, the Herzog Company purchased a factory complete with machinery and equipment. The allocation of the total purchase price of $990,000 to the various types of assets along with estimated useful lives and residual values are as follows: Estimated Residual Estimated Useful Value Asset Cost Life in Years NIA Land 105,000 N/A Building 490,000 none 20 Machinery 290,000 12% of cost $13,000 Equipment 105,000 Total 990,000 On June 29, 2017, machinery included in the March 31, 2016, purchase that cost $99,000 was sold for $79,000. 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. (Donot round intermediate calculations.) Answer is complete but not entirely correct Depreciation Expense 18,375 Building Machinery 19.1 Equipment 17,250X