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Required: What is depreciation expense an the building for the year ended Decenber 31, 2021? 8. On January 1, 2020 , Marte purchased equipment for $92,000. Marte estimates a useful life of 8 years and a salvage value of $7.000. Marte deoreciates the equigmart using the dowbie-decilining balance method of depreciation. Required: What is depreciation expense on the equipment for the year ended December 31,2021? C. On July 1, 2019, Guililorme, Inc, purchased a truck for $68,400 cash. Guillorme depreciates the truck usire the units-of production method (based onmiles driven), Guinherme expects to use the truck to for 160,000 miles, at which point it is expected to be sold for 36,000 , The milleage driven each year is as followe 20192020202120,00034,00038,000 Required: What is depreciation expense on the truck for the year ended December 31,2021