The following information relates to the assets of Westfield Semiconductors as of December 31, 2013. Westfield uses the straight-line method for depreciation and amortization. Asset Acquisition Cost Expected Life Residual Value Time Used Land $104,300 $100,000 Infinite 10 years Building 408,800 25 years 30,000 10 years Machine 285,000 5 years 10,000 2 years Patent 80,000 10 years 3 years Truck 21,000 100,000 miles 3,000 44,000 miles Required