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1) Just C for this question above ^ Windsor Company constructed a building at a cost of $2,376,000 and occupied it beginning in January 2001.
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Just C for this question above ^
Windsor Company constructed a building at a cost of $2,376,000 and occupied it beginning in January 2001. It was estimated at that time that its life would be 40 years, with no salvage value. In January 2021, a new roof was installed at a cost of $324,000, and it was estimated then that the building would have a useful life of 25 years from that date. The cost of the old roof was $172,800.
2) What amount of depreciation should be charged for the year 2021?
Depreciation for the year 2021 (Assume the cost of the new roof is debited to accumulated depreciation - building)? |
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