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Required Informatlon [The following information applles to the questions displayed below.] Bridge...

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Accounting

Required Informatlon
[The following information applles to the questions displayed below.]
Bridge City Consulting bought a bullding and the land on which it is located for $182,000 cash. The land is estimated to represent 70 percent of the purchase price. The company paid $22,000 for bullding renovations before it was ready for use.
3. Compute straight-line depreclation on the bullding at the end of one year, assuming an estimated 12-year useful life and a $4,600 estimated residual value. (Do not round Intermedlate calculations.)
4. What should be the book value of (a) the land and (b) the bullding at the end of year 2?
\table[[3. Straight-Line Depreciation],[4(a). Land],[4(b). Building]]
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