CDE leases land and secures the landowner's permission to erect a warehouse on the leased site.The lease has 25 years to run from the time CDE completes the warehouse at a cost of $300,000.The warehouse is expected to last 50 years.In connection with the warehouse, CDE's annual depreciation should be:
A)$7,500
B)$6,000
C)$12,000
D)The entire $300,000 should be expensed the first year.

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The Answer of CDE leases land and secures the landowner's permission to erect a warehouse on the leased site.The lease has 25 years to run from the time CDE completes the warehouse at a cost of $300,000.The warehouse is expected to last 50 years.In connection with the warehouse, CDE's annual depreciation should be:
A)$7,500
B)$6,000
C)$12,000
D)The entire $300,000 should be expensed the first year.

CDE Leases Land and Secures the Landowner's Permission to Erect