A building was purchased on August 1 for$450,000. It has a salvage value of$38,000 and a useful life of 35 years. To the nearestdollar, how much will the depreciation expense for the building be for the first year ended December31, using the straightlinemethod?

The first step in recording a disposal transaction is to figure the gain or loss on the disposal. A. $11,771 B. $12,857 C. $4,905 D. $5,357

The first step in recording a disposal transaction is to figure the gain or loss on the disposal.

True

False