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In 1998, Waterway Company completed the construction of a building at a cost of $2,380,000 and first occupied it in January 1999 . It Was
In 1998, Waterway Company completed the construction of a building at a cost of $2,380,000 and first occupied it in January 1999 . It Was ertimated that the building will have a useful life of 40 years and a salvage value of $71,200 at the end of that time. Early in 2009 , an addition to the building was constructed at a cost of $595,000. 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 $23,800 In 2027, it is determined that the probable life of the building and addition will extend to the end of 2058 , or 20 years beyond the original estimate. (a) Your answer has been saved. See score details after the due date. Using the straight-line method, compute the annual depreciation that would have been charged from 1999 through 2006. Annual depreciation from 1999 through 2008$/ yr. Attempts: 1 of 1 used (b) Compute the annual depreciation that would have been charged from 2009 through 2026. Annual depreciation from 2009 through 2026$/ yr
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