Pea Company purchased 70 percent of Split Company's stock approximately 20 years ago. On December 31, 20X8, Pea purchased a building from Split for $ 300,000. Split had purchased the building on January 1, 20X1, at a cost of $ 400,000 and used straight-line depreciation on an expected life of 20 years. The asset's total estimated economic life is unchanged as a result of the intercompany sale. Required: a. What amount of depreciation expense on the building will Pea report for 20X9? Answer is complete but not entirely correct. Annual depreciation expense reported by Pea $ 33,333