(Solution) - A building was purchased for 100 000 on January 1 2010 -(2025 Original AI-Free Solution)

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A building was purchased for $100,000 on January 1, 2010. It was estimated to have no salvage value and to have an estimated useful life of 20 years. On January 1, 2015, the estimated useful life was changed from 20 years to 30 years. Compute depreciation expense for 2015. Use straight-line depreciation.