Revision ofDepreciation

A building with a cost of $480,000 has an estimatedresidual valueof $192,000, has an estimated useful life of 18 years, and is depreciated by thestraight-line method.

a.What is the amount of the annual depreciation?

$

b.What is thebook valueat the end of the tenth year of use?

$

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 $140,000, what is the depreciation expense for each of the remaining 10 years?

$

" CengageNOWv2 | Online teaching and learning resource from Cengage Learning - Google Chrome X https://v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=assignment-take&inprogress=false 1. EX.09-03.ALGO Revision of Depreciation A building with a cost of $480,000 has an estimated residual value of $192,000, has an estimated useful life of 18 years, and is depreciated by the straight-line 2. EX.09-06 method. 3. EX.09-13 a. What is the amount of the annual depreciation? $ 16,000 4. EX.09-07 b. What is the book value at the end of the tenth year of use? 5. EX.09-09.ALGO $ 320,000 6. EX.09-10.ALGO 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 $140,000, what is the depreciation expense for each of the remaining 10 years? 7. EX.09-12.ALGO 8. EX.09-18.BLANKSHEET.AL... 9. EX.09-19.BLANKSHEET.AL... 10. EX.09-20.BLANKSHEET.A... 11. PR.09-03.ALGO 12. PR.09-05.BLANKSHEET.A... 13. PR.09-06.BLANKSHEET.A... . Progress: 7/13 items Check My Work Previous Next > Assignment Score: 82.95% Save and Exit Submit Assignment for Grading O Type here to search PS 12:03 PM 5/12/2019