marjorie corporation acquired a building on january 1 2019 for 800000 the building had an estimated useful life of 20 years and an estimated salvage value of 29000 on january 1 2021 marjorie corporation determined that the building could only be used for another 10 years and there would be no salvage value compute depreciation expense for the year ending december 31 2021 if marjorie corporation uses straight line depreciation

Marjorie Corporation acquired a building on January 1, 2019, for $800,000. The building had an estimated useful life of 20 years and an estimated salvage value of $29.000. On January 1, 2021, Marjorie Corporation determined that the building could only be used for another 10 years and there would be no salvage value. Compute depreciation expense for the year ending December 31, 2021, if Marjorie Corporation uses straight-line depreciation O A. $72,290 OB. $115,650 OC. $77,100 OD. $38,550