A-l Computer Consultants purchased a building for \($510,000\) and depreciated it on a straight-line basis over a 40-year period. I he estimated residual value is \($100,000\). After using the building for 15 years, A-l realized that wear and tear on the building would wear it out before 40 years. Starting with the 16th year A-l began depreciating the building over a revised total life of 25 years.
Requirement
1. Journalize depreciation on the building for years 15 and 16.