Question: Part 1 Jan 1, 2016, AAA Purchased a building (Cont: $500,000, salvage value: S200,000, useful life 5 years) Caucluate the amount of depreciable cost Suppose

Part 1 Jan 1, 2016, AAA Purchased a building (Cont: $500,000, salvage value: S200,000, useful life 5 years) Caucluate the amount of depreciable cost Suppose that you are using straight line method to calculate depreciation expense. Calculate the depreciation rate. 1. Complete the table based on stright-ling method to calculate depreciation Don't forget to fill all the blanks, including table houdings. Computation End of Year Annual Depreciation Expono Accumulated Depreciation Book Value Depreciation Rate Year 1 2 3 4 5

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