journalizing a depreciationEveryday Accounting Consultants purchased a building for $540,000 and depreciated it on a straight-line basis over a 40-year period.The estimated residual value is $104,000. After using the building for 15 years. Everyday realized that wear and tear on the buildingwould wear it out before 40 years. Starting with the 16th year. Everyday began depreciating the building over a revised total life of 25years.Requirement1. Journalize depreciation on the building for years 15 and 16.Requirement 1. Journalize depreciation on the building for years 15 and 16. (Record debits first. then credits. Explanations are notrequired.)Begin by journalizing the depreciation on the building for year 15.Journalllfll creditChoose from any list or enter any number in the input fields? then click Check Answer.!
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