Canvas Help Center ? rect Answer 8,407 margin of error +/- 2 Question 2 0/3 pts The Wear-House is a jeans manufacturer in Vancouver, BC. At the end of 2019, they had the following information pertaining to their plant assets: Type of Asset Date Acquired Cost Accumulated Useful life Useful life Residual depreciation Residual in Years on Jan 1 in Years Value Value (Old) (Old) (Proposed) 2019 (Proposed) Building Jan 1 2013 $802,000 $115,000 40 50 $42.000 $68,800 All assets are depreciated by the straight-line method. The company's year-end is December 31. The company wishes to adopt the proposed change to the assets' useful life and residual value. Compute the depreciation expense on the building in 2019. Do NOT use units ($) or spaces in your answer. Round your final answer to the nearest dollar. Do not round intermediary answers. Building: 14664 Answer 1: You Answered 14664 Correct Answer 14050