[The following information applies to the questions displayed below.] Solich Sandwich Shop had the following long-term asset balances as of December 31, 2018 Accumulated Book Value 93,000 370,980 161,800 Cost $93,000 458,000 Depreciation Land $(87,020) (49,600) (96,000) Building Equipment 211,400 Patent 240,000 144,000 Solich purchased all the assets at the beginning of 2016 (3 years ago). The building is depreciated over a 20-year service life using the double-declining-balance method and estimating no residual value. The equipment is depreciated over a 8-year useful life using the straight-line method with an estimated residual value of $13,000. The patent is estimated to have a five-year service life with no residual value and is amortized using the straight-line method. Depreciation and amortization have been recorded for 2016 and 2017. 3. Calculate the book value for each of the four long-term assets at December 31, 2018. SOLICH SANDWICH SHOP December 31, 2018 Book value 93,000 Land Building Equipment 296,784 Patent