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On January 1, 2020. Event Cakes Inc. purchased a $400,000 building for a new store opening. The building has a salvage value of $5,000 and

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On January 1, 2020. Event Cakes Inc. purchased a $400,000 building for a new store opening. The building has a salvage value of $5,000 and an estimated useful life of 8 years. Event Cakes inc. has been using the straight-line method to calculate the depreciation of the building. What is the ending balance in accumulated depreciation at the end of 2021

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