Assume Nature Canada purchased a building for $920,000 and depreciated it on a straight-line basis over 30 years. The estimated residual value was $95 only 10 more years. Starting with the 11th year Nature Canada began depreciating the building over the newly revised total We of 20 years and decreased What effect will this have on the Income statement and balance sheet? In order to compute the depreciation expense for years 11 and 12, we should compute first the yearly depreciation under the 30 years assumplion (Round The yearly depreciation under the 30 years assumption is Slete) HW Score: 0%, 0 of 18 pts Question Help esidual value was $95,000. After using the building for 10 years, Nature Canada realized that the building will remain useful for years and decreased the estimated residual value to $70,000. Compute the yearly depreciation expense for years 11 and 12 s assumption (Round your answer to the nearest whole dollar.)