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Find the revised amortization expense staring January

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Question - On January 1, 2010, Havana Co. purchased a building for $850,000. At that time, Havana Co. planned to use the building for 25? years, and then sell it for 25% of the original cost. The business uses straight-line amortization for all its tangible assets. On January 1, 2020, Havana Co. revised the estimates, and determined that the building will have a useful life of only 20 years, but the residual value will not change. Find the revised amortization expense staring January 2020?

Reference no: EM132837245

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