me My Blackboard C Onir X Revision of Depreciation A building with a cost of $69

Question

me My Blackboard C Onir X Revision of Depreciation A building with a cost of $690,000 has an estimated a. What is the amount of the annual depreciation? residual value of $276,000, has an estimated useful ite of 18 years, and is depreciated by the straight-line method b. What is the book value at the end of the tenth year of use? c. If at the start of the eleventh year it s estimated that the remaining·fe is 10 years and that the residual value is $200,000 what is the depreciation experse for each of the remaining 10 years

Explanation / Answer

a Annual depreciation=(690000-276000)/18= $23000 b Book value at the end of tenth year=690000-(23000*10)= $460000 c Depreciation each year=(460000-200000)/10= $26000

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