On March 31, 2021, Susquehanna Insurance purchased an office building for $12,600,000. 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 $1,220,000 and $720,000, 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: Service Life 30 Building Furniture and fixtures Office equipment Residual Value 5% of cost 5% of cost $32,000 10 5 Required: Calculate depreciation for 2021 and 2022. (Do not round intermediate calculations.) Required: Calculate depreciation for 2021 and 2022. (Do not round intermediate calculations.) Answer is complete but not entirely correct. Building Furniture and fixtures Office equipment $ $ $ Depreciation 2021 2022 199,500 $ 266,000 129,000 $ 127,650 216,000 $ 417,600