On March 31, 2021, Susquehanna Insurance purchased an office building for $13,200,000. Based on their relative fair values, one-third of the purchase price was allocated to the land and two-thirds to the building. Furniture and fixtures were purchased separately from office equipment on the same date for $1,240,000 and $740,000, respectively. The company uses the straight-line method to depreciate its buildings and the double-declining-balance method to depreciate all other depreciable assets. The estimated useful lives and residual values of these assets are as follows: Residual Value Service Life Building 38 10% of cost Furniture and fixtures 10 10% of cost Office equipment 5 $34,000 Required: Calculate depreciation for 2021 and 2022. (Do not round intermediate calculations.) Answer is complete but not entirely correct. Depreciation 2021 2022 Building S 124,000 $ Furniture and fixtures S 186,000 $ 124,000x 210,800 Office equipment 124,000 $ 124,000x