Question
XYZ Consulting bought new building for its headquarters in the year 2010. The purchase cost was 215,047 dollars and in addition it had to spend
XYZ Consulting bought new building for its headquarters in the year 2010. The purchase cost was 215,047 dollars and in addition it had to spend 29,996 dollars adapting the space for its services. The building has been in use since June 5, 2010. TVM Consulting forecasted that in 2040 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 XYZ consulting decides to sell the building on April 21, 2014 (i.e. summation of all annual depreciation amounts recorded throughout the years of usage). (note: round your answer to the nearest cent and do not include spaces, currency signs, or commas)
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