Question: I need help ASAP Please. Question 2 Freedom Company constructs a building for $280,000 on January 2, 2018. Freedom estimates that the building has a

I need help ASAP Please.

Question 2

Freedom Company constructs a building for $280,000 on January 2, 2018. Freedom estimates that the building has a useful life of 20 years and no residual value. Construction records indicate the $40,000 of the cost of the building relates to its heating, ventilation, and air conditioning (HVAC) system, which has an estimated useful life of only 10 years. What is the first year of depreciation expense using straight-line depreciation under IFRS?

Select one:

$28,000

$14,000

$16,000

$4,000

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