Accum. depr through 2014 * $ 73,632 $ 83,072 $ 35,400 $ 37,760
* In the year an asset is purchased, Eshkol, Inc. does not record any depreciation expense on the asset.
In the year an asset is retired or traded in, Eshkol, Inc. takes a full year’ s depreciation on the asset.
21) Mandall Company constructed a warehouse for $ 280,000 on January 2, 2014. Mandall estimates that the warehouse has a useful life of 20 years and no residual value. Construction records indicate that $ 40,000 of the cost of the warehouse relates to its heating, ventilation, and air conditioning( HVAC) system, which has an estimated useful life of only 10 years. What is the first year of depreciation expense using straight-line component depreciation under IFRS?
22) Francisco Corporation is constructing a new building at a total initial cost of $ 10,000,000. The building is expected to have a useful life of 50 years with no residual value. The building’ s finished surfaces( e. g., roof cover and floor cover) are 5 % of this cost and have a useful life of 20 years. Building services systems( e. g., electric, heating, and plumbing) are 20 % of the cost and have a useful life of 25 years. The