The fixed assets have estimated useful lives as follows: The Building and the Office Equipment have the following estimated useful lives: 35. Building - 31.5 years Office Equipment - 7.0 years Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The building's salvage value is $7,000.00. The office equipment has a salvage value of $350.00. Calculate the depreciation for one month using the straight-line method of depreciation. 13,640.00 1,271.00 02 02 02 02 Jun 01 Jun 01 Jun 01 Jun 01 1311 Computer Equip. 1211 Office Equip. Need a Description 3100 Capital Stock Need a Description 3110 Paid-in Capital in Excess o Need a Description 13,949.00 962.00 400.00 05 05 Jun 04 Jun 04 1211 Office Equip. 2101 Accounts Payable Need a Description 400.00 80.00 06 06 Jun 08 Jun 08 2101 Accounts Payable 1211 Office Equip. Need a Description 80.00 11 11 11 11 Jun 16 Jun 16 Jun 16 Jun 16 20,000.00 105,000.00 1510 Land 1411 Building 1110 Cash 2201 Mortgage Payable Need a Description Need a Description Need a Description 12,500.00 112,500.00 675.00 15 15 Jun 21 Jun 21 1211 Office Equip. 1110 Cash Need a Description 675.00 35 35 Jun 30 Jun 30 Jun 30 5110 Depreciation Expense 1412 Accum. Depr.-Building Need a Description 1212 Accum. Depr.-Office Equip. Need a Description 35