Homework Answers
a) Revised annual Depreciation
| Building | Warehouse | |
| Revised depreciation | (975500-183700-35300)/50 = 15130 | (125000-23960-4890)/15 = 6410 |
Journal entry
| Account title and explanation | Debit | Credit |
| Depreciation expense | 15130 | |
| Accumulated depreciation-Building | 15130 |
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