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Calculate the depreciation for one month

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Reference no: EM132525319

Question - The fixed assets have estimated useful lives as follows:

Building - 31.5 years, Cost 100,000

Computer Equipment - 5.0 years, Cost 198,000

Office Equipment - 7.0 years, Cost 2290

Use the straight-line method of depreciation. Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The building's scrap value is $7,500. The office equipment has a scrap value of $500. The computer equipment has no scrap value. Calculate the depreciation for one month.

Reference no: EM132525319

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