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In: Accounting

TVM Consulting bought new building for its headquarters in the year 2000. The purchase cost was...

TVM Consulting bought new building for its headquarters in the year 2000. The purchase cost was 228197 dollars and in addition it had to spend 22004 dollars adapting the space for its services. The building has been in use since June 21st, 2000. TVM Consulting forecasted that in 2030 the building would have a net salvage value of $100,000. Using the US Straight Line Depreciation Schedule, estimate the total value of depreciation recorded in the accounting books if TVM consulting decides to sell the building on April 15th , 2004 (i.e. summation of all annual depreciation amounts recorded throughout the years of usage). (note: round your answer to the nearest cent and do not include spaces, currency signs, or commas)

CORRECT ANSWER: 24592.16

I am assuming the date of purchase is June 21st, 2000. This is all of the information given.

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ekkarill92 answered 1 year ago
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