Bongo had constructed a small building for $364,000 on January 1, 1998

Business Dec 02, 2021

Bongo had constructed a small building for $364,000 on January 1, 1998. When the building was built it was expected to be used for 8 years and then be sold for $44,000. At the beginning of January, 2000, a $116,000 addition was made to the building so it would be useful until December 31, 2009 at which time it is expected to be sold for $20,000. The depreciation expense for 2000 will be: Multiple Choice None of the other alternatives are correct $38.000 $32,000 O $43.600 O o $40,000