The following information is available for Walter Melon Produce, which has an accounting year-end of December 31, 2017 1. A delivery truck was purchased on July 1, 2016, for $50,000. It was estimated to have an $5,000 salvage value. It is estimated to have a useful life is 5 years, and an estimated total use of 100,000 miles. During 2017, the truck was driven 20,000 miles. At the end of 2017, the truck had not exceeded its total estimated use. The units-of-activity method of depreciation is being used. 2. Land was purchased on September 1, 2017 for $160,000. Because the land is located on a decommissioned military base, and is contaminated with chemicals and pollution, its estimated use life is only 16 years. Walter Melon Produce would use the straight-line method of depreciation, if applicable. 3. A building was purchased on January 1, 2010, for $800,000. It was estimated to have a $50,000 salvage value at the end of its 25-year useful life. The straight-line method of depreciation is being used. 4. Manufacturing equipment was purchased on April 1, 2016, for $210,000. It was estimated to have a $20.000 salvage value. It is estimated to have a useful life of 10 years, and an estimated total use of 100,000 units. During 2017, the manufacturing equipment produced 12,000 units. At the end of 2017, the manufacturing equipment had not exceeded its total estimated use. The double-declining balance method of depreciation is being used. Accumulated depreciation as of January 1, 2017 is as follows: Delivery truck: $4,500 Land: $0 (because it was only purchased on September 1, 2017) Building: $180,000 Manufacturing equipment: $31,500 QUESTIONS: 1. For each asset, what is depreciation expense for the year ending December 31, 2017? (Make sure to list each asset separately.) (1 point per asset) 2. What is the net book value of each fixed asset as of December 31, 2017? (Remember, net book value equals cost minus accumulated depreciation.) (Make sure to list each asset separately.) (1 point per asset) SPECIFIC INSTRUCTIONS: Round all answers to the nearest dollar. You must show all of your work. If you do not show your work, you will not receive any points for this question, even if you have the correct