Explain the useful life of building


1.On January 3, 2011, the city acquired another $10 million office building, financing this facility with 25 year term bonds. The bonds will be repaid entirely when they mature on January 1, 2036. The useful life of this building is also 25 years.
2.On January 3, 2011, the city acquired another $10 million office building, financing this facility with 25 year term bonds. The bonds will be repaid entirely when they mature on January 1, 2036. The useful life of this building is also 25 years.

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Accounting Basics: Explain the useful life of building
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