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Attack Company buys a factory for $9,000,000 on Jan 1 2004 with an estimated life of 30 years and no salvage value and depreciates the
Attack Company buys a factory for $9,000,000 on Jan 1 2004 with an estimated life of 30 years and no salvage value and depreciates the building using the straight line method. On January 1, 2006 it adds a $1,000,000 addition to the building. On January 1, 2007 it revises the estimated life remaining to be 15 years. Attack always rounds its annual depreciation provision to the nearest dollar. The fiscal year end is December 31. Based on the information given, Attack's depreciation recorded in 2007 would be: Multiple Choice None of the other alternatives are correct O $604,286 O $444,368 $562,820 $562,820 $355,666
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