Question
TX Consulting bought new building for its headquarters in the year 2000. The purchase cost was $241,594 and in addition it had to spend $26,906
TX Consulting bought new building for its headquarters in the year 2000. The purchase cost was $241,594 and in addition it had to spend $26,906 adapting the space for its services. The building has been in use since June 21st, 2000. TX Consulting forecasted that in 2030 the building would have a net salvage value of $1,000,000. Using the US Straight Line Depreciation Schedule, estimate the total value of depreciation recorded in the accounting books if TX consulting decides to sell the building on April 15th , 2004 (i.e. summation of all annual depreciation amounts recorded throughout the years of usage). round your answer to the nearest cent
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