Question
Revision of Depreciation A building with a cost of $382,500 has an estimated residual value of $76,500, has an estimated useful life of 18 years,
Revision of Depreciation
A building with a cost of $382,500 has an estimated residual value of $76,500, has an estimated useful life of 18 years, and is depreciated by the straight-line method.
a. What is the amount of the annual depreciation? Do not round intermediate calculations. $fill in the blank 1
b. What is the book value at the end of the tenth year of use? $fill in the blank 2
c. If at the start of the eleventh year it is estimated that the remaining life is 10 years and that the residual value is $12,500, what is the depreciation expense for each of the remaining 10 years? $fill in the blank 3
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