Solution-Compute straight-line depreciation at the end

Compute straight-line depreciation at the end

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Reference no: EM133127717

Question - Shahia Company bought a building for $71,000 cash and the land on which it was located for $124,000 cash. The company paid transfer costs of $13,000 ($7,000 for the building and $6,000 for the land). Renovation costs on the building before it could be used were $21,000. Compute straight-line depreciation at the end of one year, assuming an estimated 10-year useful life and a $18,000 estimated residual value.

Reference no: EM133127717

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Compute straight-line depreciation at the end

Reference no: EM133127717

Reference no: EM133127717

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