The xed assets have estimated useful lives as follows: The Building and the Ofce Equipment have the following estimated usell lives: . Building - 31.5 years Ofce Equipment - 7.0 years Management has decided that assets purchased during a month are treated as if purchased on the rst day of the month. The building's salvage value is $7,000.00. The oice equipment has a salvage value of $350.00. Calculate the depreciation for one month using the straight-line method of depreciation. The Computer Equipment has an estimated useful life of 5.00 years. Management has decided that assets purchased during a month are treated as if purchased on the rst day of the . month. The computer equipment's scrap value is $20,000.00. Calculate the depreciation for one month using the double declining method of depreciation. A review of the payroll records show that unpaid salaries in the amount of $591.00 are owed by Byte for three ' days, June 28 - 30. Ignore payroll taxes. The note payable to Royce Computers (transactions 04 and 07) is a ve-year note, with interest at the rate of 12 percent annually. Interest expense should be computed based on a 360 day year. [IMPORTANT NOTE: The original note on the computer equipment purchased on June 2 was $116,000.00. 0n ' June 10, eight days later, $22,250.00 was repaid. Interest expense must be calculated on the $116,000.00 for eight days. In addition, interest expense on the $93,750.00 balance of the loan ($116,000.00 less $22,250.00 = $93,715 0.00) must be calculated for the 20 days remaining in the month of June.]