Each of the categories of property-plant and equipment

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Reference no: EM131247499

In January 2013, the company purchased its building and equipment and put these assets into operation. The company paid $617,500 for its building. The amounts paid for the equipment for its retail store and its office equipment were $178,000 and $25,000, respectively. The depreciation periods are 20 years for the building, 10 years for the store equipment and 5 years for the office equipment. There is no salvage value for any of the property, plant and equipment assets. As of December 31, 2013, one year of depreciation has been accumulated for each of the categories of property, plant and equipment. What is the depreciation of these assets? Please show work.

Reference no: EM131247499

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