Estimate the total value of depreciation recorded

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Reference no: EM132002100

TVM Consulting bought new building for its headquarters in the year 2000. The purchase cost was 217518 dollars and in addition it had to spend 29463 dollars adapting the space for its services. The building has been in use since June 21st, 2000. TVM Consulting forecasted that in 2030 the building would have a net salvage value of $1,000,000. Using the US Straight Line Depreciation Schedule, estimate the total value of depreciation recorded in the accounting books if TVM consulting decides to sell the building on April 15th , 2004 (i.e. summation of all annual depreciation amounts recorded throughout the years of usage).

Reference no: EM132002100

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