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Calculate the depreciation expense for each of the years

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Reference no: EM132615882

Question - Calculating Depreciation

The Miller Company purchased a new headquarters building on January 1 at a cost of $40 million. The building is expected to last 20 years, at which time its residual value is expected to be $5 million.

Required - Calculate the depreciation expense for each of the first three years on the new headquarters building using each of the following methods: Enter answers in millions, rounding to two decimal places. For example, $3,750,000 equals $3.75 million.

Reference no: EM132615882

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