The company purchased a building at the beginning of this year. It cost $775,000 and is expected to have a $45,000 salvage value at the end of its predicted 25-year life. Annual depreciation is $29,200.
The company purchased a building at the beginning of this year. It cost $775,000 and is expected to have a $45,000 salvage value at the end of its predicted 25-year life. Annual depreciation is $29,200.