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What the depreciation expense for bongo will be

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Reference no: EM132817042

Problem 1: Bongo had constructed a small building for $364,000 on January 1, 1998. When the building was built it was expected to be used for 8 years and then be sold for $44,000. At the beginning of January, 2000, a $116,000 addition was made to the building so it would be useful until December 31, 2009 at which time it is expected to be sold for $20,000. The depreciation expense for 2000 will be:

a. $40,000

b. None of the above

c. $43,600

d. $38,000

e. $32,000:

Reference no: EM132817042

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