An industrial building of Quélix, acquired on 1 January 2020 for 400,000 and depreciated on a straight-line basis over 10 years with no residual value, will in fact have a residual value of 50,000 (estimate revised at 1 January 2025, life unchanged). Compute the revised depreciation and the decrease in annual depreciation.
- Acquisition cost
- 400,000
- Revised residual value
- 50,000