At the beginning of Year 1, Fields Realty acquired an office building for $15,000,000. $10,000,000 of the purchase price was allocated to the building. Depreciation for the first two years was calculated using the straight-line method, a 20-year useful life, and a $2,000,000 residual value. At the beginning of Year 3, the company switched to the do

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At the beginning of Year 1, Fields Realty acquired an office building for $15,000,000. $10,000,000 of the purchase price was allocated to the building. Depreciation for the first two years was calculated using the straight-line method, a 20-year useful life, and a $2,000,000 residual value. At the beginning of Year 3, the company switched to the double-declining-balance depreciation method.

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