Question
A building was purchased for $100,000 on January 1, 2008. It was estimated to have no salvage value and to have an estimated useful life
A building was purchased for $100,000 on January 1, 2008. It was estimated to have no salvage value and to have an estimated useful life of 20 years. On January 1, 2013, the estimated useful life was changed from 20 years to 30 years. Compute depreciation expense for 2013. Use straight-line depreciation.
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Business Accounting An Introduction To Financial And Management Accounting
Authors: Jill Collis, Roger Hussey, Andrew Holt, Holt Collis, J. Collis
2nd Edition
0230276237, 978-0230276239
