Exercise 11-13 (Part Level Submission) Martinez Company constructed a building at a cost of $2,596,000...
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Exercise 11-13 (Part Level Submission) Martinez Company constructed a building at a cost of $2,596,000 and occupied it beginning in January 1998. It was estimated at that time that its life would be 40 years, with no salvage value. In January 2018, a new roof was installed at a cost of $354,000, 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 $188,800 What amount of depreciation should have been charged annually from the years 1998 to 2017 Depreciation from the years 1998 to 2017 Click if you would like to Show Work for this question: Open Show Work (Assume straight-line depreciation.)
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