Using excel Compute and record depreciation after a change in useful life of the asset) Five Flags over New York paid $90,000 for a concession stand. Five Flags started out depreciating the building straight-line over 10 years with zero residual value. After using the concession stand for 5 years, Five Flags determines that the building will remain useful for only 3 more years. Record Five Flags depreciation on the concession stand for year 6 by the straight-line method.
Compute and record depreciation
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