the chief accountant of the client. You have traced the beginning balances to your prior year's audit working papers.

$*$Depreciation expense for the year.

All plant assets are depreciated on the straight$-$line basis $($no residual value taken into consideration$)$ based on the following estimated

service lives: building, $25$ years; all other items, $10$ years. The company's policy is to take one half$-$year's depreciation on all asset

additions and disposals during the year.