Compute straight-line depreciation on the building at the

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Reference no: EM13602248

Bridge City Consulting bought a building and the land on which it is located for $186,600 cash. The land is estimated to represent 55 percent of the purchase price. The company paid $29,000 for building renovations before it was ready for use.

Requirement 1:

Compute straight-line depreciation on the building at the end of one year, assuming an estimated 13-year useful life and a $13,400 estimated residual value.(Round your answer to the nearest whole number. Omit the "$" sign in your response.)
Depreciation $

Requirement 2:
What should be the book value of the land and building at the end of year 2? (Round your answer to the nearest whole number. Omit the "$" sign in your response.)

Reference no: EM13602248

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