On March 31, 2021, Susquehanna Insurance purchased an office building for $11,400,000. 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 $1,340,000 and $840,000, 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: Building Furniture and fixtures Office equipment Service Life 30 10 5 Residual Value 10% of cost 10% of cost $44,000 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 506,667 $ 472,889 268,000 $ 214,000 336,000 $ 201,600