Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 40

Twin-Cities, Inc., purchased a building for $600,000.traight-line depreciation was used for each of the first two years using the following assumptions: 25-year estimated useful life, with a residual value of $100,000.
a.alculate the annual depreciation for the first two years that Twin-Cities owned the building.
b.alculate the book value of the building at the end of the second year.