Question 11 [6 points) ABC Inc. purchased an office building on January 11, 2004 for $630,000. At the time, it was estimated that the building would last for 30 years and would have a residual value of $1200d on January 2.2011, a significant modification was made to the roof of the building at a cost of $26,291. This modification could not be identified as a separate component, but it was believed that it would add an additional 10 years to the useful life. As well was estimated the residual value would be reduced to $105700, at the end of the revised useful life. In 2015, due to a colaps the local property market, the residual value was revised to 50. The useful life, however, was expected to remain an estimated on January 2, 2011. The company uses the straight-line method of depreciation and calculated to the nearest month. Please make sure your final answer(s) are accurate to the nearest whole number a) Calculate the annual depreciation that was charged from 2004 to 2010 Anual depreciations D) Calculate the annual depreciation that was charged from 2011 to 2014 Annu depreciation - 5 c) Calculate the annual depreciation that will be charged from 2015 onwards. An depreciations Question 12 (16 points) Southco owns a building that has a carrying value on October 31, 2015 of $470,000 (cost $880.000, accumulated depreciation $410,000)