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Determine the annual straight-line depreciation

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Reference no: EM133025656

Question - A building acquired at the beginning of the year at a cost of $117,500 has an estimated residual value of $4,500 and an estimated useful life of 10 years.

Required -

(a) Determine the depreciable cost?

(b) Determine the straight-line rate?

(c) Determine the annual straight-line depreciation?

Reference no: EM133025656

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