Assume The Salvation Army purchased a building for $970,000 and depreciated it on a straigh After using the building for 10 years, The Salvation Army realized that the building will remain The Salvation Army began depreciating the building over the newly revised total life of 20 year yearly depreciation expense for years 11 and 12. What effect will this have on the Income state In order to compute the depreciation expense for years 11 and 12, we should compute first the to the nearest whole dollar.) The yearly depreciation under the 30 years assumption is $ $970,000 and depreciated it on a straight-line basis over 30 years. The estimated residual value was $115,000 my realized that the building will remain useful for only 10 more years. Starting with the 11th year, over the newly revised total life of 20 years and decreased the estimated residual value to $90,000. Compute the at effect will this have on the Income statement and balance sheet? s 11 and 12, we should compute first the yearly depreciation under the 30 years assumption. (Round your answer on is s