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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.

(a) Determine the depreciable cost?

(b) Determine the straight-line rate?

(c) Determine the annual straight-line depreciation?

Reference no: EM133105865

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