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Question - Straight-Line Depreciation - A building acquired at the beginning of the year at a cost of $122,700 has an estimated residual value of $4,700 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.
Answer the following questions based on Scottsdale, AZ CAFR year ending June 30, 2012.
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