TVM Consulting bought new building for its headquarters in the year 2000. The purchase cost was 210,944 dollars and in addition it had to spend 28,483 dollars adapting the space for its services. The building has been in use since June 21st, 2000. TVM Consulting forecasted that in 2030 the building would have a net salvage value of $1,000,000. Using the US Straight Line Depreciation Schedule, estimate the total value of depreciation recorded in the accounting books if TVM consulting decides to sell the building on April 15th , 2004 (i.e. summation of all annual depreciation amounts recorded throughout the years of usage). (note: round your answer to the nearest cent and do not include spaces, currency signs, or commas)

TVM Consulting bought new building for its headquarters in the year 2000. The purchase cost was 210,944 dollars and in addition it had to spend 28,483 dollars adapting the space for its services. The building has been in use since June 21st, 2000. TVM Consulting forecasted that in 2030 the building would have a net salvage value of $1,000,000. Using the US Straight Line Depreciation Schedule, estimate the total value of depreciation recorded in the accounting books if TVM consulting decides to sell the building on April 15th , 2004 (i.e. summation of all annual depreciation amounts recorded throughout the years of usage). (note: round your answer to the nearest cent and do not include spaces, currency signs, or commas)

Name: TVM Consulting bought new building for its headquarters in the year 2
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Description: TVM Consulting bought new building for its headquarters in the year 2000. The purchase cost was 210,944 dollars and inaddition it had to spend 28,483 dollars adapting the space for its services. The building has been in use since June 21st, 2000.TVM

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 15PB: Urquhart Global purchases a building to house its administrative offices for $500,000. The best...

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