On March 31, 2018, Susquehanna Insurance purchased an office building for $14,400,000. Based on their relative fair values, one-third of the purchase price was allocated to the land and two-thirds to the building Furniture and fixtures were purchased separately from office equipment on the same date for $1,280,000 and $780,000, respectively. The company uses the straight-line method to depreciate its buildings and the double-declining balance method to depreciate all other depreciable assets. The estimated useful lives and residual values of these assets are as follows: Building Furniture and fixtures Office equipment Service Life 40 20 10 Residual Value 10% of cost 10% of cost $38,000 Required: Calculate depreciation for 2018 and 2019. (Do not round intermediate calculations.) Depreciation 2018 2019 162,000 $ Building Furniture and fixtures Office equipment