moodle ch forums hapter 11Oine Homework 11 Change in estimate ine Homework 11 Di

Question

moodle ch forums hapter 11Oine Homework 11 Change in estimate ine Homework 11 Display replies in nested form This is a question and answer forum. In order to see other responses to these questions, you must first post your answer Change in estimate by Ganesh Pandt- Wednesday. 18 November 2015, 7:35 PM A building that was purchased on December 31, 2000, for $ 2,500,000 was originally estimated to have a life of 50 years with no savage value at the end of that time. Depreciation has been recorded through 2014 During 2015, an examination of the building by an engineering firm discloses that its estimated usetul life is 15 years after 2014 life is 15 years after 2014. What should be the amount of depreciation for 2015? Reply Subject (hidden) Author (hidden) This post cannot be viewed by you, probably because you have not posted in the discussion, the maximum editing time hasn't passed yet, the discussion has not started or the discussion has expired. Subject (hidden) editing time hasnt passed yet, the discussion has not started or post cannot be viewed by you, probably because you have not posted in the discussion, the maximum the discussion has expired. Subject (hidden) Author (hioden) editing time hasn't passed yet, the discussion has not started or This post cannot be viewed by you, probably because you have not posted in the discussion, the maximum the discussion has expired.

Explanation / Answer

Details Amt $ Purchase Cost of Building Dec 31.2000                           2,500,000 Useful Life in years                                          50 Salvage value                                             -   Yearly Depreciation(straight Line)                                 50,000 Upto 2014 , the depreciation amount recorded in 14 Years =                               700,000 Book Value Remaining after 2014                           1,800,000 Revised Useful life in years remaining after 2014                                          15 Revised Depreciation per year for 15 years                               120,000 Depreciation Amount in 2015                               120,000

Related Questions

Navigate

• Browse (All)
• Browse M
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.