TVM Consulting bought new building for its headquarters in the year 2000. The purchase cost was 276,958 dollars and in addition it had to spend 21,388 dollars adapting the space for its services. The building has been in use since June 21st, 2000. TVM Consulting forecasted that in 2030 the building would have a net salvage value of $1,000,000. Using the US Straight Line Depreciation Schedule, estimate the total value of depreciation recorded in the accounting books if TVM consulting decides to sell the building on April 15th , 2004 (i. e. summation of all annual depreciation amounts recorded throughout the years of usage). (note: round your answer to the nearest cent and do not include spaces, currency signs, or commas)

Total value of depreciation recorded in the accounting books is $38,784.98.

As required in the question, this should be inputted as 38784.98.

Explanation:

Total cost of the building = Purchase cost + Cost of adapting the space for the building services = $276,958 + $21,388 = $298,346

Number of useful years = From June 21st, 2000 to June 20th, 2030 = Number of years * Number of months in a year = 30

Annual depreciation expense = Total cost of the building / Number of useful years = $298,346 / 30 = $9,944.87

Number of years of usage = from June 21st, 2000 to April 15th, 2004 = 3 years, 10 months and 24 days = 3 + (10 / 12) + ((24 / 30) / 12) = 3.90

Therefore, we have:

Total value of depreciation recorded = Annual depreciation expense * Number of years of usage =  $9,944.87 * 3.90 = $38,784.98

Therefore, total value of depreciation recorded in the accounting books is $38,784.98.

answer(d) the growth of consumption is likely to remain sluggish even as the economy begins to recover.;