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Compute the depreciation expense for the current year

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Reference no: EM133062479

Question - M owned a factory which consisted of the following assets all acquired at the beginning of the current year:

 

Cost

Residual Value

Useful Life (Years)

Factory Building

7,500,000

250,000

25

Machinery

2,700,000

80,000

10

Equipment

1,400,000

50,000

8

Required -

a. Compute the composite life.

b. Compute the depreciation expense for the current year.

Reference no: EM133062479

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