Revision of Depreciation A building with a cost of $1,200,000 has an estimated residual value of $250,000, has an estimated useful life of 40 years, and is depreciated by the straight-line method. a.  What is the amount of the annual depreciation? $fill in the blank 1 b.  What is the book value at the end of the twenty-eighth year of use? $fill in the blank 2 c.  If at the start of the twenty-ninth year it is estimated that the remaining life is 10 years and that the residual value is $180,000, what is the depreciation expense for each of the remaining 10 years?

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Q: i just want to know the answer

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