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The following information is available for Rose Bush Jardinire, which has an accounting year-end of December 31, 2018. 1. A building was purchased on January

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The following information is available for Rose Bush Jardinire, which has an accounting year-end of December 31, 2018. 1. A building was purchased on January 1, 2004, for $3,200,000. It is estimated to have a $200,000 salvage value at the end of its 30-year useful life. The straight-line method of depreciation is being used. 2. Factory equipment was purchased on January 1, 2017 for $82,000. It was estimated to have an $7,000 salvage value at the end of its 5- year useful life, and an estimated total use of 250,000 units. During 2018, 18,500 units were produced. The units-of-activity method of depreciation is being used. 3. A delivery van was purchased on October 1, 2018, for $76,000. It was estimated to have an $8,000 salvage value at the end of its 5- year useful life. The double-declining balance method of depreciation is being used. 4. Land was purchased on May 1, 2018 for $92,000. Because the land is located near a nuclear power plant, its estimated use life is only 10 years. Rose Bush Jardinire would use the straight-line method of depreciation, if applicable. Accumulated depreciation as of January 1, 2018 is as follows: Building: $1,400,000 Factory equipment: $5,760 Delivery van: $0 (because it was only purchased on October 1, 2018) Land: $0 (because it was only purchased on May 1, 2018) QUESTIONS: 1. For each asset, what is its depreciation expense for the year ending December 31, 2018? (Make sure to list each asset separately.) (1.5 points per asset) 2. What is the net book value of each fixed asset as of December 31. 2018? (Remember, net book value equals cost minus accumulated depreciation.) (Make sure to list each asset separately.) (0.5 points per asset) SPECIFIC INSTRUCTIONS: Round all answers to the nearest dollar. You must show all of your work for this question. If you do not show your work, you will not receive any points for this question, even if you have the correct

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