Question

Hatory Bookmarks Windows Help ACCT 2101 Principles of Accounting TTH 11:00-12:15 Rustin Freeman & 11/5/19 11:53 AM Save Homework: Chapter 10 Homework ntin Score: 0.5 of 1 pt • 3 of 7 (complete E10-21 (similar to) HW Score: 50%, 3.5 of 7 pts OO ForYou Han d hawabung 400.000 d i n a ra. There was 14000 Alength for 15 yea r you and on the big wurdwartout before 30 years and that the imated residual value should be 1.000. Starting with the heart-For-You began depreciating the building over a revised of 25 years using the w residual value. Journal depreciation expense on the building for years 15 and 16. Record debt first, then credits Select the explanation on the last line of the jumal try table) Date Accounts and Explanation Debit Credit Depreciation Experbung Acom B uilding To record on on building Now, jom the depreciation on the building for year Account and Explana Choose from any or an b er in the route and then clickCheck Answer A showing CA CA This course CCT 1 160 115 is based on Home AR MacBook Air

Answer 1

ههنا إيها solution Cost of building $494000 Residuol vote = $10your useful life = 30 Years. cost - Residuol votue 8o Depos 1 (SCM) yarow-lohou 30 Dep. = $13ow Per year at the end of 15 Years toto Depo = 1300 x 15 Acc. Dep. = $1,95ooo Book volve of the Building at the year ended of 15 = 4quor - 195ovo = $ 299000 So now Book volve of building= $29900 Revised Residual volve = $88000 Balance useful libe = 25-15 = 10 Years 299000 -88 ovo so D = = $21oo Per Tear

8o Journal entry for the year 16 Depreciation Expenses (Building) olc Dr $21,100 TO ACC. Depreciation (Building) od 200