... building, $45,000 B Land $ 62, 000; land improvements, $23 ,800; building, $46 ,20 0 C Land $63,840; land improvements, $23 ,660; building, $ 52, 500 D Land $79,500; land improvements, $ 32, 600; building, $47,700 ... expense for 20 18 164.Wildcat Company purchased a heating system on January 2, 20 03, for $ 625 ,000 The system had an estimated useful life of 15 years, with no residual value On January 2, 20 15, the ... Knowledge 22 Because depreciation is based on predictions of residual value and useful life, depreciation is an estimate TRUE Difficulty: Easy Larson - Chapter 10 #22 Learning Objective: 10- 02 Explain;...