The fixed assets have estimated useful lives as follows: Building - 31.5 years Computer Equipment - 5.0 years Office Equipment - 7.0 years Use the straight-line method of depreciation. Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The buildings scrap value is $7,500. The office equipment has a scrap value of $350. The computer equipment has no scrap value. Calculate the depreciation for one month. Here are the entries that I have from the worksheet.

Using the formula, I am still coming up with the incorrect answer.

Building Cost : $125,000

Office Eq: $2585.00

Comp. Eq: 186,000