ANSWERS TO QUESTIONS
Addition Book value: ($500,000 – $288,000**) $212,000 Salvage value 20,000 192,000 Remaining useful life 32 years Annual depreciation $ 6,000 **$16,000 X 18 years = $288,000 Annual depreciation expense—building ($18,188 + $6,000) $24,188 ................
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