A building was purchased for $

timer Asked: Nov 8th, 2015

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A building was purchased for $100,000 on January 1, 2008. It was estimated to have no salvage value and to have an estimated useful life of 20 years. On January 1, 2013, the estimated useful life was changed from 20 years to 30 years. Compute depreciation expense for 2013. Use straight-line depreciation.

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