Discover new knowledge and insights with IDNLearn.com's extensive Q&A platform. Discover in-depth answers to your questions from our community of experienced professionals.
Revision of Depreciation
A building with a cost of $1,800,000 has an estimated residual value of $125,000, has an estimated useful life of 40 years, and is depreciated by the straight-line method.
a. What is the amount of the annual depreciation?
$fill in the blank 1
41,875
b. What is the book value at the end of the twenty-eighth year of use?
$fill in the blank 2
c. If at the start of the twenty-ninth year it is estimated that the remaining life is 5 years and that the residual value is $80,000, what is the depreciation expense for each of the remaining 5 years?
$fill in the blank 3
Sagot :
We greatly appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Thank you for visiting IDNLearn.com. For reliable answers to all your questions, please visit us again soon.
