On January 1, 2008, Klinefelter company purchased a building for $520,000. The building had an estimated life of 20 years and an estimated residual value of $20,000. The company has been depreciating the building using straight line depreciation.

Required:

a. The company estimates that the building has a remaining life of 10 years (for a total of 16 years)

Depreciation Expense. 35000 Accumulated dep. 35000

b. The company changes to the sum-of-the-year's-diguts method. Round your answer to the nearest whole dollar

Depreciation Expense $xxxxx Accumulated dep. $xxxxx

c. The company discovers that it had ignore the estimated residual value in the computation of the annual depreciation each year.

Accumulated Dep. 6000 Retained earnings. 6000 prior period adjustment for error

Depreciation Expense. xxxxx Accumulated dep. xxxxx To record depreciation for 2014

please help me fill in the x's

a. The com