A building currently has a net book value of after three years of straight-line depreciation totaling $150,000. The estimated residual value is $50,000. What was the building's original cost? $900,000 $850,000 $800,000 $750,000 A depreciable asset with a cost of $42, 500 has a residual value $2, 500 and a useful life of 8 years. Total estimated units of output are 80,000 and in year 1;5, 2000 units were produced. Under the straight line method and the units -of-activity method the depreciation expense for the first year would be An asset being depreciated with the straight-line method has a residual value of $10,000 and accumulated depreciation expense of $30,000 i its second year. What was the original cost of asset if its useful life was 5 years? Caricature's Ins bought new computers on January 1 for $18,000 to improve the quality of their animation. the computers have useful life of 8 years but caricature's Inc thins that continuing technology developments will likely mean they will replace the computers after 4 years, at which time they will be worth $2,000. If they use straight-line depreciation the depreciation expense for the first year will be $2,000 $2, 250 $4,000 $4, 5000