Calculate annual depreciation expense that lark recognize

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The Lark Company purchases a warehouse on July 1, 2015 for $120,000. They assign the warehouse a useful life of 20 years .

Question 1: Calculate the annual depreciation expense that Lark must recognize for the warehouse over the next 20 years.

Question 2: Calculate the accumulated depreciation on the warehouse as of June 30, 2017.

Question 3: Calculate the net book value of the warehouse as of December 31, 2018.

Reference no: EM132723717

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