Question: View Policies Current Attempt in Progress Blue Company constructed a building at a cost of $2,684,000 and occupied it beginning in January 2001. It was
View Policies Current Attempt in Progress Blue Company constructed a building at a cost of $2,684,000 and occupied it beginning in January 2001. It was estimated at that time that its life would be 40 years, with no salvage value. In January 2021, a new roof was installed at a cost of $366,000, and it was estimated then that the building would have a useful life of 25 years from that date. The cost of the old roof was $195,200. (a) What amount of depreciation should have been charged annually from the years 2001 to 2020? (Assume straight-line depreciation) Depreciation per year Safor Later Attempts: 0 of 1 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above The parts of this question must be completed in order. This part will be available when you complete the part above
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