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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 407 Weeks Ago, 6 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Stagecoach Van Lines purchased a building for $700,000 and depreciated it on a straight-line basis over a 40-year period. The estimated residual value was $100,000. After using the building for 15 years, Stagecoach realized that wear and tear on the building would force the company to replace it before 40 years. Starting with the 16th year, Stagecoach began depreciating the building over a revised total life of 30 years and increased the estimated residual value to $175,000. Record depreciation expense on the building for years 15 and 16.
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