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HW Score: 6.09%, 1.22 of 20 pt Score: 0 of 3 pts 2 of 5 (1 complete) Question Help E6-26 (similar to) Assume The Humane
HW Score: 6.09%, 1.22 of 20 pt Score: 0 of 3 pts 2 of 5 (1 complete) Question Help E6-26 (similar to) Assume The Humane Society purchased a building for $965,000 and depreciated it on a straight-line basis over 30 years. The estimated residual value was $90,000 After using the building for 10 years, The Humane Society realized that the building will remain useful for only 10 more years Starting with the 11th year, The Humane Society began depreciating the building over the newly revised total life of 20 years and decreased the estimated residual value to $65,000. Compute the yearly depreciation expense for years 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 yearly depreciation under the 30 years assumption (Round your answer to the nearest whole dollar.) The yearly depreciation under the 30 years assumption is $
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