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Determine the annual straight-line depreciation

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Question - Straight-Line Depreciation - A building acquired at the beginning of the year at a cost of $2,200,000 has an estimated residual value of $400,000 and an estimated useful life of 20 years. Determine the following:

(a) The depreciable cost

(b) The straight-line rate

(c) The annual straight-line depreciation

Reference no: EM133048136

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