Determine the depreciable cost

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Reference no: EM132682027

Problem - Straight-line depreciation

A building acquired at the beginning of the year at a cost of $980,000 has an estimated residual value of $60,000 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: EM132682027

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