part b

part c

prepare the entry if necessary to adjust the account balance because of the revision of estimate life in 2021

part d

compute the annual depreciation to be charged beiginign with 2022

please do steps

In 1993, Coronado Company completed the construction of a building at a cost of $4.480,000 and first occupied it in January 1994. It was estimated that the building will have a useful life of 40 years and a salvage value of $207,200 at the end of that time. Early in 2002, an addition to the building was constructed at a cost of $1,680,000. At that time, it was estimated that the remaining life of the building would be, as originally estimated, an additional 32 years, and that the addition would have a life of 32 years and a salvage value of $22.400 In 2022, it is determined that the probable life of the building and addition will extend to the end of 2043 or 10 years beyond the original estimate (a) Your answer is correct. Using the straight-line method, compute the annual depreciation that would have been charged from 1994 through 2001 Annual depreciation from 1994 through 2 gh 2001 $ 106820 /yr Attempts: 1 of 2 used (b) * Your answer is incorrect Compute the annual depreciation that would have been charged from 2002 through 2021. Annual depreciation from 2002 through 2021 118563 /yr Save for Later Attempts: 1 of 2 used Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above (d) The parts of this question must be completed in order. This part will be available when you complete the part above