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ABS purchased a warehouse at a cost of $292,000. The warehouse is being depreciated on a straight-line basis. The depreciation rate for the warehouse is

ABS purchased a warehouse at a cost of $292,000. The warehouse is being depreciated on a straight-line basis. The depreciation rate for the warehouse is 2.5%. The residual value of the warehouse is $12,000. On 12/31/2020, the accumulated depreciation of the warehouse is $75,250. The date the warehouse was first used is? Options for Question 1 :

01-04-2010

01-02-2010

Unable to determine

01-03-2010

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