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In 1 9 9 8 , Crane Company completed the construction of a building at a cost of $ 2 , 0 2 5 ,

In 1998, Crane Company completed the construction of a building at a cost of $2,025,000 and first occupied it in January 1999. It was
estimated that the building will have a useful life of 40 years and a salvage value of $60,000 at the end of that time.
Early in 2009, an addition to the building was 4 nstructed at a cost of $505,000. At that time, it was estimated that the remaining life
of the building would be, as originally estimated, an additional 30 years, and that the addition would have a life of 30 years and a
salvage value of $20,250.
In 2027, it is determined that the probable life of the building and addition will extend tp the end of 2058, or 20 years beyond the
original estimate.
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