Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. revision of depreciation a building with a cost of

Revision of Depreciation A building with a cost of $630,000 has an estimated residual value...

70.2K

Verified Solution

Question

Accounting

image

Revision of Depreciation A building with a cost of $630,000 has an estimated residual value of $126,000, has an estimated useful life of 36 years, and is depreciated by the straight-line method. a. What is the amount of the annual depreciation? b. What is the book value at the end of the twentieth year of use? c. If at the start of the twenty-first year it is estimated that the remaining life is 20 years and that the residual value is $30,000, what is the depreciation expense for each of the remaining 20 years

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

connect concepts: cellular structure glycocalyx, DNA, cytoskeleton, fimbriae, protein cell wall, 70s ribosome, hami, organelles, peptidoglyan cell...

Medical Sciences
Q

A population of young people was studied where the variable weight has an average of 60...

Basic Math
Q

Research a USA company that recently moved a corporate headquarters or factory or research and development...

General Management
Q

A solid cylinder of mass 50 kg and radius 0 5 m is free to...

Physics
Q

x-81x+7x 18xWhere is the removable point of discontinuity? Give only the x-value.Consider the graph of...

Basic Math
Q

cube roots of 125( cos(5?/6) + / sin(5?/6))(a) Find the roots of the given complex...

Algebra
Q

8 Show that the function Log z a 1 represents a complex potential of a...

Algebra
Q

Find the best fitting curve of each type below for the given data 2 6...

Algebra
Q

Please, use the income statement information of BobCat Inc. Using vertical analysis, what is the...

Accounting
Q

12.7 O'Brien Corporation is a midsized, privately owned industrial instrument manufacturer supplying precision equipment to...

Accounting
Q

TP5. 9.5 You own a construction company and have recently received a contract with the...

Accounting
Q

If you were a supplier of a company selling goods on 30-day terms, you would...

Finance