Brief Exercse 7-34 Revision of Depreciation on unuary value On this date, Kalley determined that the builing had a romaining usehd life of 16 years and a residual vakve of $14,000. Required: Deterreine the depreclation expense for 2029 1, 2019, the Keldey Company ledger showed a building with a cont of $250,000 a and reluted accumulated deprediation of $96,000. The deprediation resulted from using straight ne deprociation with a usefal Ste of 20 years and no resi 14,750 x Step 2 Compute dpeciation expense using the nevised amounts for book value, usetual lile and residual value