Compute the annual depreciation

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Reference no: EM134029937

Question

In 1998, Windor Company completed the construction of a building at a cost of $4,320,000 and first occupied it in January 1999. It was estimated that the building will have a useful life of 40 years and a salvage value of $204,800 at the end of that time. Early in 2007, and addition to the building was constructed at a coset of $1620000. At that time it was estimated that the remaining life of the building would be, as originally estimated, an additional 32 years, and that the addition would have a life of 32 years and a salvage value of $20,000. In 2027, it is determined that the probable life of the building and addition will extend to the end of 2048 or 10 years beyond the original estimate. a. Using the straight-line method, compute the annual depreciation that would have been charged from 1999 through 2006. Compute the annual depreciation that would have been charged from 2007 through 2026.

Reference no: EM134029937

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