Store of Values Inc

question 79

Multiple Choice

Store of Values Inc. has a new building that cost $400,000. It will be depreciated using DB amortization. The estimated residual value of the building is $50,000 and it has an expected useful life of 10 years. Assuming the first year's amortization expense was recorded properly, what would be the amount of amortization expense for the second year?

• A) $31,500
• B) $35,000
• C) $36,000
• D) $40,000

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