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Exercise 11-2 Martinez Corp. acquired a property on September 15, 2020, for $240,000, paying $3,200 in transfer taxes and a $2,300 real estate fee. Based on the provincial assessment information, 85% of the property's value was related to the building and 15% to the land. It is estimated that the building, with proper maintenance, will last for 20 years, at which time it will be torn down and have zero salvage value. Martinez, however, expects to use it for 10 years only, as it is not expected to suit the company's purposes after that. The company should be able to sell the property for $167,000 at that time, with $47,000 of this amount being for the land. Martinez prepares financial statements in accordance with IFRS. Depreciation expense should be calculated to the nearest half month. Assuming a December 31 year end, identify the building's cost. Cost of the buildings LINK TO TEXT LINK TO TEXT Assuming a December 31 year end, identify the building's depreciable amount. Depreciable amount LINK TO TEXT LINK TO TEXT Assuming a December 31 year end, identify the building's useful life. Building's useful life years LINK TO TEXT LINK TO TEXT Assuming a December 31 year end, identify the depreciation expense for 2020, assuming the straight-line method. (Do not round Intermediate calculations and round answer to 0 decimal places, e.g. 5,275.) Depreciation expense for 2020 LINK TO TEXT LINK TO TEXT Assuming a December 31 year end, identify the depreciation expense for 2021, assuming the double-declining-balance method. (Do not round intermediate calculation and round answer to O decimal places, e.g. 5,275.) Depreciation expense for 2021 LINK TO TEXT LINK TO TEXT Assuming a December 31 year end, identify the building's carrying amount at December 31, 2021, assuming the double-declining-balance method. (Do not round Intermediate calculation and round answer to O decimal places, e.g. 5,275.) Building's carrying amount LINK TO TEXT LINK TO TEXT Assuming a December 31 year end, identify the depreciation expense for 2020, assuming the straight-line method and assuming Martinez prepares financial statements in accordance with ASPE. (Do not round intermediate calculation and round answer to 0 decimal places, e.g. 5,275.) Depreciation expense 2020 $

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