Six Flags over Georgia paid $60,000 for a concession stand. Six Flags started out depreciating the building

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Six Flags over Georgia paid $60,000 for a concession stand. Six Flags started out depreciating the building straight-line over 10 years with zero residual value. After using the concession stand for 4 years, Six Flags determines that the building will remain useful for only 2 more years. Record Six Flags' depreciation on the concession stand for year 5 by the straight-line method.
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Financial Accounting

ISBN: 978-0135012840

7th edition

Authors: Walter T. Harrison, Charles T. Horngren

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