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On January 1, 2014, Doncic Corp. purchased a building for $432,000 and depreciated it straight line over a 40 year useful life with no salvage

On January 1, 2014, Doncic Corp. purchased a building for $432,000 and depreciated it straight line over a 40 year useful life with no salvage value. During 2025, Doncic revised its estimates to a total useful life of 23 years from the date of purchase and a salvage value of $20,000. What amount of depreciation expense will Doncic report on the building for 2025?
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On January 1, 2014, Doncic Corp. purchased a building for $432,000 and depreciated it straight line over a 40 year useful life with no salvage value. During 2025, Doncic revised its estimates to a total useful life of 23 years from the date of purchase and a salvage value of $20,000. What amount of depreciation expense will Doncic report on the building for 2025

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