The Fanzy company acquired the following assets on January 1, 2021 Asset. . Cost. life. resil-value amortization methods Building 65000. 2yrs. 50000. straight line equipment 65000 5yrs. 5000. double decline Delivery 220000 5 years 20 000 Units of production c The delivery equipment is estimated to be used for 400 000 km and was driven 50 000 km in 2021 and 60 000 km in 2022 REQUIRED: 1. Calculate amortization expense for 2021 and 2022 for each of the above assets using the answer schedules 2. Journalize the purchase transaction and the amortization expense entries of December 31, 2021 1 amortization schedule for building date December 31 2021 assets costs 1.residual value 2.Amortization cost 3.amortization rate 4.amortisation expense 5.accumulated amortization 6book value December 31 2022 1.Calculation 2.calculation 3.Calculation 4.Calculation 5.calcularion 6.calculation

. 2.Amortization schedule of Office Equipment Date Dec.31, 2021 . Asset cost 1.Amortization rate 2.Amortization expense 3.Accumulated amortization 4. Net book value Dec.31, 2022 (1) Calculation: (2) Calculation: (3) Calculation: (4) Calculation

3.amortization schedule of the delivery equipment December 31 2021 assets cost 1.Amortization per km 2.number of km 3.amortization expense 4.accumulated amortization 5.net book value 1.Calculation 2. Calculation 3.Calculation 4.Calculation Do Journal entries