Homework: Online Assignment, Chapter 6 Save Score: 0.6 of 3 pts 2 of 5 (2 complete) HW Score: 20.39%, 4.08 of 20 pts %E6-26 (similar to) Question Help Assume The Humane Society purchased a building for $900,000 and depreciated it on a straighe line basis over 30 years. The estimated residual value was $100.000 using the bulding for 10 years. The Humane Society realzed that the building will remain useful for ony 10 more years. Starong with the 17th year, The Humane Soorty ban depreciating the building over the newly revised totalite of 20 years and decreased the estimated residual value to $75,000 Compute the yearly preci non pense loro 11 and 12 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 yeary dapreciation undor the 30 years assumption, (Round your answer to the nearest whole dollar.) The yearly depreciation under the 30 years assumption is $ 26,667 Now calculate the yearly depreciation for years 11 and 12. (Round your answer to the nearest whole dollar) The yearly depreciation for years 11 and 12 under the new assumptionis St idi Enter your answer in the answer box and then click Check Answer Clear 1 part remaining o