Pink Ped am Lanzafame Name Legacy Nursing Home, an investor-owned company, constructed a new building to replace its old outdated facility. The new building was completed on January 1, 2018 and Legacy started recording depreciation immediately. The cost of the new facility was $18,000,000, comprising of a) $10,000,000 in construction costs and b) $8,000,000 for land. The expected useful life is 20 years. The building is expected to have a salvage value of $1,500,000. Using straight-line depreciation, calculate the annual depreciation expense on the new facility. After 1 year, what would be the book value of the building. a) b) hoct tound n the belan le Choice Questions: 1 point each - total of 20 points