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Compute the depreciation expense for the first full year

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Question - Sheffield Corp. constructed a building at a cost of $14650000. Weighted-average accumulated expenditures were $5540000, actual interest was $558000, and avoidable interest was $290000. If the salvage value is $1090000, and the useful life is 40 years, compute the depreciation expense for the first full year using the straight-line method?

a. $353,500.

b. $484,750.

c. $373,500.

d. $346,250.

Reference no: EM132783126

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