In 1993, Skysong Company completed the construction of a building at a cost of $2,120,000 and...

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In 1993, Skysong Company completed the construction of abuilding at a cost of $2,120,000 and first occupied it in January1994. It was estimated that the building will have a useful life of40 years and a salvage value of $64,000 at the end of that time.Early in 2004, an addition to the building was constructed at acost of $530,000. At that time, it was estimated that the remaininglife of the building would be, as originally estimated, anadditional 30 years, and that the addition would have a life of 30years and a salvage value of $21,200. In 2022, it is determinedthat the probable life of the building and addition will extend tothe end of 2053, or 20 years beyond the original estimate.
Compute the annual depreciation to be charged, beginning with2022. (Round answer to 0 decimal places, e.g.45,892.)
Annual depreciation expense—building

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Computation ofthe annual depreciation to be charged beginning with2022iBuildingTotal useful life remaining of Building occupied from 1994 40years 28 years used life 12 years28 years 7 years from 1994through 2000 21 years from 2001 through 2021In 2022 it is See Answer

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