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How much depreciation should aylmer record on this building

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Q1. In Y6, Aylmer Inc has a building that is considered to be held for sale. The original cost of the building was $500,000 and has an estimated useful life of 25 years. How much depreciation should Aylmer record on this building in Y6?

Q2. Lyons Corp purchased a truck on September 10, Y3. The truck cost $32,000 with a residual value of $2,000. The truck is estimated to last 8 years. Lyons depreciates all assets using the straight-line method. Lyons has a December 31 year end.

Reference no: EM133171549

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